Target-benefit pension plan
The target-benefit pension plan is a specific type of supplemental pension plan that has its own particular rules.
In a target-benefit pension plan, these following elements are set in advance:
- the employer contributions
- the benefit target.
The target-benefit pension plan is subject to the
Supplemental Pension Plans Act 
and to the specific rules provided mainly in
Chapter X.3 of that Act. In the event of inconsistencies between the provisions of Chapter X.3 and the other provisions of the Supplemental Pension Plans Act, the provisions of Chapter X.3 prevail.
Since 11 December 2020, any business, regardless of its sector of activity, or any organization, such as a union, can implement a target-benefit pension plan.
Legal references
Target-benefit pension plans in certain pulp and paper sector enterprises
The plans targeted by the
Regulation respecting target-benefit pension plans in certain pulp and paper sector enterprises will need to be in accordance with the provisions of the Supplemental Pension Plans Act with regard to target-benefit pension plans
by 31 December 2023, at the latest.
Legal references
For more information regarding the target‑benefit pension plan...