C-46 , 41st Parliament, 1st session June 2, 2011, to September 13, 2013

An Act to amend the Members of Parliament Retiring Allowances Act
Short title: Pension Reform Act
Bill type
House Government Bill
This bill received royal assent on November 1, 2012

Statutes of Canada 2012, c. 22

Note concerning the date of Royal Assent: When the date of a written declaration differs from that of Royal Assent, the date shown in LEGISInfo corresponds to the date on which the two Houses of Parliament have been notified of the written declaration. Section 5 of the Royal Assent Act, S.C. 2002, c. 15, states: “Where royal assent is signified by written declaration, the Act is deemed to be assented to on the day on which the two Houses of Parliament have been notified of the declaration.”

Progress

End of stage activity
Introduction and first reading, October 19, 2012
Chamber sittings
Sitting date Debates (Hansard)
October 19, 2012
End of stage activity
Second reading and referral to committee, October 19, 2012
Chamber sittings
Sitting date Debates (Hansard)
October 19, 2012
Sitting 165
Agreed to (Journals 165)
2nd reading and referral to committee -
End of stage activity
Committee report presented, October 19, 2012
Committee of the Whole
Chamber sittings
Sitting date Debates (Hansard)
October 19, 2012
End of stage activity
Concurrence at report stage, October 19, 2012
Chamber sittings
Sitting date Debates (Hansard)
October 19, 2012
End of stage activity
Third reading, October 19, 2012
Chamber sittings
Sitting date Debates (Hansard)
October 19, 2012
Sitting 165
Agreed to (Journals 165)
3rd reading
End of stage activity
First reading, October 23, 2012
Chamber sittings
Sitting date Debates (Hansard)
October 23, 2012
End of stage activities
Second reading, October 24, 2012
Referral to committee, October 24, 2012
Chamber sittings
Sitting date Debates (Hansard)
October 24, 2012
Sitting 111
Major speeches
Show major speeches at second reading
End of stage activity
Committee report presented without amendment, October 30, 2012
Committee meetings
Meeting date Details
October 24, 2012
Meeting 70
October 25, 2012
Meeting 71
October 30, 2012
Meeting 72
Chamber sittings
Sitting date Debates (Hansard)
October 30, 2012
End of stage activity
Third reading, October 31, 2012
Chamber sittings
Sitting date Debates (Hansard)
October 31, 2012

Notes

This Bill is formerly part of Bill C-45.

Details

Recorded votes

House of Commons

There are currently no recorded votes for this bill.

Senate

To view the complete list of standing votes that have taken place in the Senate, please refer to the Votes page of the Senate of Canada website.

Speaker's rulings and statements

Senate

Speech date Debates (Hansard)
October 30, 2012 Sitting 113

Major speeches at second reading

Senate

Speech date Speech Senator
October 24, 2012 Sponsor’s speech(Sitting 111) Elizabeth (Beth) Marshall (Conservative)
October 24, 2012 Response speech(Sitting 111) Grant Mitchell (Liberal)

About

Legislative summary

The Library of Parliament does not prepare Legislative Summaries for bills debated under urgency and emergency. The following is a short summary:

Clauses 475 to 514 of Bill C-45, A second Act to implement certain provisions of the budget tabled in Parliament on March 29, 2012 and other measures, as originally proposed, would have amended the Members of Parliament Retiring Allowances Act, proposing several changes to the pension regime for members of Parliament. On 19 October 2012, through unanimous consent, the House of Commons passed an order extracting those clauses from Bill C-45, and creating a new bill, Bill C-46, An Act to amend the Members of Parliament Retiring Allowances Act. As part of this order, Bill C-46 was deemed to have passed all legislative stages in the House.

The changes to the pension regime in what is now Bill C-46 include a change in the rates at which a member of Parliament contributes to his or her pension benefits, such that not later than 1 January 2017, the total amount of contributions to be paid by members will increase to meet 50% of the current service cost of benefits payable. Amendments also raise the retirement age of members from 55 to 65, with reductions in compensation allowances for members who claim them prior to the age of 65. A member is not eligible to receive an allowance earlier than his or her 55th birthday. The rate of interest credited to the pension accounts for members changes from approximately 10.4% to a quarterly rate set out in the most recent valuation report for this Act under section 9 of the Public Pensions Reporting Act. The allowances payable to former Prime Ministers who cease to hold the office of Prime Minister after 31 December 2012 are decreased from two-thirds of annual remuneration to 3% of earnings per year of service as Prime Minister, while the age of retirement for former Prime Ministers holding office after 6 February 2012 rises to 67. Bill C-46 also contains certain transitional amendments, as well as amendments to coordinate allowances with pension benefits paid under the Canada Pension Plan or under a similar provincial pension plan.

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