The additional plan
Effective 1 January 2019
The additional plan will allow:
the rate at which income is replaced to increase
An increase in the contribution rate will result in a gradual increase from 25% to 33.33% in the rate at which income is replaced.
the maximum pensionable salary to increase
The salary on which an individual can make contributions will gradually increase until 2025, when it reaches 114% of the maximum pensionable earnings (MPE). The new ceiling will allow individuals who have contributed to the additional plan to receive increased retirement benefits that are proportional to those contributions.
-
disability and surviving spouse's pensions of individuals who work and contribute to the additional plan to increase
In order to enhance the Québec Pension Plan, the new contribution rates will be implemented in 2 stages:
- From 2019 and 2023, the contribution rate will gradually increase for the portion of earnings between $3 500 (the basic exemption) and the maximum pensionable earnings (MPE), until the increase reaches 1% for both employers and employees.
- As of 2024, a contribution rate of 4% will be added to the portion of earnings between the maximum pensionable earnings (MPE) and the new ceiling, which will be 107% of the
MPE as of 2024 and 114% of the
MPE as of 2025, both for employers and employees.
Note that...
The employee and the employer each pay half the contribution to the Québec Pension Plan. Self‑employed workers pay the entire contribution.
Gradual increase in contributions
The table below shows the increase in contribution rates
for employers and for employees until 2025.
Contribution rate (employer or employee)
| Annual earnings less than the
MPE See the Note 1 | Annual earnings greater than the
MPE See the Note 2 |
|---|
| Année |
Base plan |
Additional plan | Total |
Additional plan |
|---|
| 2019 | 5.4% | 0.15% |
5.55% | |
|---|
| 2020 | 5.4% | 0.3% |
5.70% | |
|---|
| 2021 | 5.4% | 0.5% |
5.9% | |
|---|
| 2022 | 5.4% | 0.75% |
6.15% | |
|---|
| 2023 | 5.4% | 1.0% |
6.4% | |
|---|
| 2024 | 5.4% | 1.0% |
6.4% | 4.0% |
|---|
| 2025 | 5.4% | 1.0% |
6.4% | 4.0% |
|---|
- Contribution rate on pensionable salary between the basic exemption of $3 500 and the maximum pensionable earnings (MPE). Back to reference
- Contribution rate on pensionable salary between the maximum pensionable earnings (MPE) and the new pensionable earnings ceiling. The latter will be 107% of the
MPE in 2024 and 114% of the
MPE as of 2025 Back to reference
Additional plan: Contribution and retirement benefit tables
Maximum annual contributions of an employee whose income is equal to or higher than the salary indicated
in
2023 dollars
| Year | Salary | Base plan Voir la Note 1 | Additional plan – component 1 Voir la Note 1 | Additional plan – component 2 Voir la Note 2 | Total |
|---|
| 2022 | $64 900 | $3316 | $461 | 0 | $3776 |
|---|
| 2023 | $66 600 | $3407 | $631 | 0 | $4038 |
|---|
| 2024 | $71 200 | $3407 | $631 | $184 | $4222 |
|---|
| 2025 | $75 900 | $3407 | $631 | $372 | $4410 |
|---|
| 2026 | $75 900 | $3407 | $631 | $372 | $4410 |
|---|
| 2027 | $75 900 | $3407 | $631 | $372 | $4410 |
|---|
| 2028 | $75 900 | $3407 | $631 | $372 | $4410 |
|---|
| 2029 | $75 900 | $3407 | $631 | $372 | $4410 |
|---|
| 2030 | $75 900 | $3407 | $631 | $372 | $4410 |
|---|
| 2045 | $75 900 | $3407 | $631 | $372 | $4410 |
|---|
| 2050 | $75 900 | $3407 | $631 | $372 | $4410 |
|---|
| 2065 | $75 900 | $3407 | $631 | $372 | $4410 |
|---|
- Salary lower than the MPE: Contribution rate on pensionable salary between the basic exemption of $3 500 and the maximum pensionable earnings (MPE). Back to reference
- Salary higher than the MPE: Contribution rate on pensionable salary between the maximum pensionable earnings (MPE) and the new pensionable earnings ceiling. The latter will be 107% of the
MPE in 2024 and 114% of the
MPE as of 2025 Back to reference
Maximum annual retirement pension at age 65 of an employee whose income is equal to or higher than the salary indicated
in
2023 dollarsVoir la Note 1
| Year of birth | Year of retirement | Salary | Base plan Voir la Note 2 | Additional plan – component 1 Voir la Note 2 | Additional plan – component 2 Voir la Note 3 | Total |
|---|
| 1957 | 2022 | $64 900 | $14 925 | $118 | 0 | $15 043 |
|---|
| 1958 | 2023 | $66 600 | $15 460 | $219 | 0 | $15 679 |
|---|
| 1959 | 2024 | $71 200 | $15 460 | $348 | 0 | $15 808 |
|---|
| 1960 | 2025 | $75 900 | $15 460 | $476 | $36 | $15 972 |
|---|
| 1961 | 2026 | $75 900 | $15 460 | $605 | $108 | $16 173 |
|---|
| 1962 | 2027 | $75 900 | $15 460 | $734 | $179 | $16 373 |
|---|
| 1963 | 2028 | $75 900 | $15 460 | $863 | $251 | $16 574 |
|---|
| 1964 | 2029 | $75 900 | $15 460 | $992 | $323 | $16 775 |
|---|
| 1965 | 2030 | $75 900 | $15 460 | $1120 | $395 | $16 975 |
|---|
| 1980 | 2045 | $75 900 | $15 460 | $3052 | $1475 | $19 987 |
|---|
| 1985 | 2050 | $75 900 | $15 460 | $3696 | $1834 | $20 990 |
|---|
| 2000 | 2065 | $75 900 | $15 460 | $5151 | $2878 | $23 489 |
|---|
- The amounts apply only in the case of new pensions that begin being paid in January of the given year.Back to reference
- Salary lower than the MPE: Contribution rate on pensionable salary between the basic exemption of $3 500 and the maximum pensionable earnings (MPE). Back to reference
- Salary higher than the MPE: Contribution rate on pensionable salary between the maximum pensionable earnings (MPE) and the new pensionable earnings ceiling. The latter will be 107% of the
MPE in 2024 and 114% of the
MPE as of 2025 Back to reference
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