Your retirement pension
The retirement pension paid under the Québec Pension Plan is part of the basic income that a person can receive as early as age 60 if he or she contributed to the Plan.
- Depending on your date of birth, you may also receive an Old Age Security pension paid by the federal government.
- The retirement pension and the Old Age Security Pension may be completed by other sources of income.
The retirement pension is calculated on the basis of the employment earnings on which a worker paid contributions to the Plan.
The Statement of Participation: an important tool...
Every 4 years, the Régie mails contributors a Statement of Participation in the Québec Pension Plan. It is also possible to consult it online.
What does a Statement of Participation contain?
- The earnings on which contributions were made to the Québec Pension Plan and the Canada Pension Plan.
- An estimate of the amount of the disability pension to which the worker could be entitled if he or she is deemed to be disabled.
- The amount of the retirment pension to which the worker will be entitled at age 60 - or the date of the Statement - and at age 65, on the basis of the earnings recorded
- the amount of the retirement pension to which the worker will be entitled at age 60 - or the date of the Statement - and at age 65 if he or she continues to contribute on earnings similar to those already recorded.
- An estimate of the amount of the surviving spouse's pension and the other benefits to which a worker's family would be entitled if he or she were to die.
It is important for workers to make sure that all the employment earnings on which they contributed to the Québec Pension Plan are in fact correctly recorded. If there are any errors, you must notify the Régie by completing the form entitled Request for Corrections to Pensionable Employment Earnings.
What happens in the event of a separation?
The earnings recorded under the names of both former spouses are added together for each year subject to partition, and are then divided equally between them. The new amounts will eventually be used to set the amount of benefits.
Former spouses will not receive any money before they become entitled to receive a pension from the Québec Pension Plan.
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