Quebec gives municipalities tools to deal with pension costs

2014-03-10T23:55:46-07:00February 24th, 2014|Categories: Defined Benefit Plans|Tags: , , |

Quebec municipalities that have been begging the provincial government for measures to help them deal with surging pension-plan costs received an answer to some of their pleas on Thursday. Quebec Labour Minister Agnès Maltais tabled Bill 79 in the National Assembly, “An Act to provide for the restructuring of … municipal defined benefit plans,” that responds to many of their requests to lessen the cost burdens on municipalities and would force a timetable for negotiations between municipalities and their [...]