supplemental pension plan

Canada Pension Plan [ An Act to establish a comprehensive program of old age pensions and supplementary benefits in Canada payable to and in respect of contributors ]

supplementary Canada Pension Plan [ supplementary CPP ]

pension scheme [ occupational pension | old age pension | pension plan | retirement pension | State pension ]

occupational pension scheme | occupational retirement pension scheme | occupational scheme

excess benefit plan | excess plan | top hat pension plan | top hat plan

pension plan | retirement benefit plan | retirement plan

employer pension plan | employer plan | employer-sponsored pension plan | employment pension plan

pension plan | pension scheme

contributions to social security, pension and similar schemes

2. The Province of Quebec is hereby prescribed, for the purposes of the Canada Pension Plan, as a province the government of which has, before the 30th day after April 3, 1965, signified the intention of such province to provide for the establishment and operation in that province, in lieu of the operation therein of the Canada Pension Plan, of a plan of old age pensions and supplementary benefits providing for the making of contributions thereunder, commencing with the year 1966 and providing for the payment of benefits thereunder comparable to those provided by the Canada Pension Plan.

By way of derogation from point (b) of paragraph 1, officials under pensionable age who, since taking up their duties, have, in order to establish or maintain pension rights, paid into a national pension scheme, a private insurance scheme or a pension fund of their choice which satisfies the requirements set out in paragraph 1, and whose service terminates for reasons other than death or invalidity without their qualifying for an immediate or deferred retirement pension, shall be entitled, on leaving the service, to a severance grant equal to the actuarial value of their pension rights acquired during service in the institutions.

Turning to a more serious issue, we in the Liberal Party have come out in favour of a supplementary Canada pension plan, and I notice that both the insurance companies and the banking association oppose that.

Notes that in many Member States the importance of occupational pension systems has been recognised, and that the EU can add value by providing coordination between the various schemes and encouraging Member States to ensure that a - in social, legal and economic terms - justifiable framework is in place which adequately protects pension plan members and guarantees access to understandable pension information; stresses that in cases where Member States have mandatory pension funds managed by private institutions, such schemes should also be assessed from the point of view of compliance with European conditions and criteria as regards se ...[+++]curity, investment and asset classification; underlines as a principle that all proposals on occupational pension systems must be fully impact assessed in particular with a view to quantifying the additional costs and administrative burden;