Regulatory Initiative: Amending the Members of Parliament Retiring Allowances Regulations, Forward Regulatory Plan 2017-2019
Title or working title of the regulatory initiative
Amending the Members of Parliament Retiring Allowances Regulations
Description of the objective
Issue
Pursuant to amendments made to the Members of Parliament Retiring Allowances Act by the Pension Reform Act 2012, member contributions to the Members of Parliament pension plan will, over time, equal those of the Government of Canada, and starting in 2016 the normal age of retirement for Members will increase to 65 for all future service, there is a requirement to amend the Regulations in support of the changes to the Act.
Description of the regulation
To align with the legislative changes to the Members of Parliament Retiring Allowances Act by the Pension Reform Act 2012, consequential amendments are required to the Members of Parliament Retiring Allowances Regulations. These amendments may also include changes to the interest rates used for elective service, overpayments and return of contributions, as well as minor housekeeping and drafting clarification changes.
Enabling Act
Members of Parliament Retiring Allowances Act
Flag for business impacts
There are no expected business impacts.
Public consultation opportunities
Public consultations are not appropriate as this issue is internal to the management of the Members of Parliament pension plan.
Departmental contact
Deborah Elder, Director,
Pensions and Benefits Sector,
613-948-5089,
Deborah.Elder@tbs-sct.gc.ca
For more information
- Government-Wide Forward Regulatory Plans
- Government-Wide Administrative Burden Baseline Counts
- The Cabinet Directive on Regulatory Management
- The Red Tape Reduction Action Plan
- The Canada–United States Regulatory Cooperation Council
To learn about upcoming or ongoing consultations on proposed federal regulations, visit the Canada Gazette and Consulting with Canadians websites.