The future of the Québec Pension Plan
The Québec Pension Plan is here to stay
Since its inception in 1966, the Québec Pension Plan (QPP) has been closely monitored. To do so, an actuarial valuation must be prepared every 3 years.
In addition, every 6 years, the government will hold a public consultation to allow the population to voice their opinion on any amendments to be made to the Plan.
These 2 safeguards have been implemented in order to
- improve and stabilize plan funding
- meet the needs of plan members.
Actuarial valuations and periodic public consultations allow the plan to be adapted to changing demographics as well as socioeconomic changes in Québec by making necessary adjustments.
Other useful link...