Municipal pension plans

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Quebec’s Ministère des Affaires municipales et de l’Occupation du territoire (MAMOT) has issued guidance on the accounting treatment related to the Act to foster the financial health and sustainability of municipal defined benefit pension plans (2014, chapter 15). The guidance represents the consensus of the Order’s working group on municipal governments on the accounting aspects of Bill 3. A series of related documents accompany the guidance.

The Order’s working group on municipal governments has prepared a sample note to be included in the financial statements of entities targeted by the new law.

Preparers and auditors of financial statements are invited to review the guidance and other documents prepared by MAMOT as well as the sample note.

Updated on 2015.03.30