This enactment amends the Canada Pension Plan to provide that the consent of at least two thirds of the provinces that do not provide a comprehensive pension plan is required before a province may adopt such a plan.

Preamble

Whereas Canadians living and working in provinces in which the Canada Pension Plan applies may incur changes to their pension benefits as a result of a province withdrawing from the Canada Pension Plan;

And whereas Parliament believes it is necessary to ensure that Canadians remain entitled to the pension benefits that they have worked for;

Now, therefore, His Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows:

Provincial consent

(2.‍1) Regulations under subsection (2) may only be made if the lieutenant governor in council of each of at least two thirds of the provinces that are not provinces providing a comprehensive pension plan, having in total not less than two thirds of the population of all those provinces, has signified the consent of that province.