Bill C-387
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- ENGLISH
- SUMMARY SUMMARY
- Canada Pension Plan Canada Pension Plan
- Coming Into Force Coming Into Force
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First Session, Forty-fourth Parliament, 70-71 Elizabeth II – 1-2 Charles III, 2021-2022-2023-2024 |
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HOUSE OF COMMONS OF CANADA |
An Act to amend the Canada Pension Plan
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FIRST READING, April 30, 2024
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Ms. McPherson |
SUMMARY
This enactment amends the Canada Pension Plan to provide that the consent of at least two thirds of the provinces that do not provide a comprehensive pension plan is required before a province may adopt such a plan.
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Available on the House of Commons website at the following address:
www.ourcommons.ca
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1st Session, 44th Parliament, 70-71 Elizabeth II – 1-2 Charles III, 2021-2022-2023-2024 |
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HOUSE OF COMMONS OF CANADA |
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BILL C-387 |
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An Act to amend the Canada Pension Plan |
Preamble
Whereas Canadians living and working in provinces in which the Canada Pension Plan applies may incur changes to their pension benefits as a result of a province withdrawing from the Canada Pension Plan;
And whereas Parliament believes it is necessary to ensure that Canadians remain entitled to the pension benefits that they have worked for;
Now, therefore, His Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows:
R.S., c. C-8
Canada Pension Plan
1 Section 3 of the Canada Pension Plan is amended by adding the following after subsection (2):
Provincial consent
Start of inserted block(2.1) Regulations under subsection (2) may only be made if the lieutenant governor in council of each of at least two thirds of the provinces that are not provinces providing a comprehensive pension plan, having in total not less than two thirds of the population of all those provinces, has signified the consent of that province.
End of inserted blockComing Into Force
180th day after royal assent
2 This Act comes into force on the 180th day after the day on which it receives royal assent.
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Published under authority of the Speaker of the House of Commons
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