1.The purpose of this Act is the restructuring of the university-sector pension plans to which Chapter X of the Supplemental Pension Plans Act (chapter R-15.1) applies, in order to facilitate improved risk management and help redress the financial position of certain plans to ensure their sustainability.
The Act applies to pension plans where the employer is a university-level educational institution referred to in any of paragraphs 1 to 11 of section 1 of the Act respecting educational institutions at the university level (chapter E-14.1).