Quebec – Temporary relief measures for the funding of solvency deficiencies

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On December 28th, 2011, the Quebec Government published draft regulations announcing its intentions to extend the relief measures to defined benefit pension plans registered in Quebec until the earliest of the following events: the first actuarial valuation showing that the plan is solvent, the amendment of the plan (must be at the end of the plan year), or the end of the first plan year beginning after December 31st, 2012.

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