How will you live happily when you retire?

How will you live happily when you retire?

Pension planning involving workers in Quebec are governed by the Act respecting supplemental pension. They mainly include employer-sponsored plans in the private and municipal, and some plans BPS, whose activities are under provincial jurisdiction.ExceptionsSome supplemental plans are not subject to this law, as the provincial public sector schemes (such as RREGOP) and the federal public sector and private sector plans federal (such as banks). They are subject to another law.The LIRA, LIF or annuity contracts are also subject to the Act respecting supplemental pension plans unless they belong to a different jurisdiction.Under the supervision of the Régie des rentes du QuébecThe supplemental  Pension planning, the LIRA, LIF or annuity contracts under the Act respecting supplemental pension are under the supervision of the Board. As such, the board shall:* Ensuring that the administration and operation plans are in accordance with the Act* Save the plan texts, model contracts of LIRA and LIF and their subsequent amendments* Review the annual information returns and actuarial valuations provided by plan administrators* Inform plan administrators, participants, beneficiaries, employers and any citizen interested in this topic* Promote the establishment and improvement of pension plansOther oversight agenciesWhen a plan has both Quebec workers and workers from other provinces or territories, it is possible that this regime is under the supervision of another agency with a mandate similar to that of the Board. In such cases, the agency must ensure, on behalf of the Board, that the rights of workers in Quebec are consistent with the Act respecting supplemental pension.A frontline information .

All relevant information on supplemental Pension planning subject to the Act respecting supplemental pension:* The benefits and features* The rights and obligations of employers and participants* Types and forms of annuities under plans* The arrangements for the transfer of rights* The rules of sound management applicable to the administration of a regime