Québec Pension Plan
If you work in Québec and have income over $3500 a year, you probably contribute to the Québec Pension Plan, which is a compulsory public insurance plan. It provides persons who currently work or who previously worked in Québec, as well as their families, with basic financial protection in the event of retirement, death or disability.
However, you may have contributed to the Canada Pension Plan. This is the case if you live in Québec but work elsewhere in Canada.
For more information on the Canada Pension Plan, see the Service Canada Web site .
Retirement pension under the Québec Pension Plan
If you apply for your pension at age 65, it will replace 25% to 33.33% of the earnings on which you contributed.
Since retirement now means many things, you must choose between
- full retirement
- phased retirement
- working full-time while receiving your retirement pension.
Your choice will have a significant impact on the amount of your retirement pension, which also depends on
- the age at which you apply for your retirement pension
- the number of years you contributed to the Plan
- the employment earnings on which you contributed.
To learn more about the retirement pension under the Québec Pension Plan, consult the Retirement section of our Web site.
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