The Québec Pension Plan

The Québec Pension Plan (QPP) is a compulsory public insurance plan for workers aged 18 and over whose annual employment income is greater than $3500. Its purpose is to provide persons who have worked in Québec and their families with basic financial protection in the event of retirement, death or disability.

The additional plan

Effective since 1 January 2019 with the enhancement of the QPP, the additional plan includes:

  • an increase in the income replacement rate (from 25% to 33.33%).
  • an increase in the maximum pensionable salary, until it reaches 114% of the maximum pensionable earnings (MPE).

Contributions

The base plan is funded by contributions made by individuals who work in Québec and their employers

In 2022, the contribution rate for the Québec Pension Plan is 10.80%. That rate is split equally between the employer and the employee, and applies to earnings between the $3500 general exemption and $64 900, which is the maximum amount on which employees can contribute in 2022.

The additional plan is also funded by contributions made by individuals who work in Québec and their employers. In 2022, the contribution rate for Québec Pension Plan is 1.5%. That rate is split equally between the employer and the employee. Those contributions will gradually increase from 2019 to 2025.

Contributions are collected by Revenu Québec and managed by the Caisse de dépôt et placement du Québec.

What type of financial protection does the Plan offer?

Here are the different pensions and benefits that we can offer to persons and, in certain cases, their families, who have made sufficient contributions to the Plan:

The additional plan increases the following pensions and benefits:

  • In retirement
    • retirement pension
    • retirement pension supplement
  • In the event of disability
    • disability pension
  • In the event of death
    • surviving spouse's pensions

Maximum amounts for pensions paid in 2022

Québec Pension Plan Figures gives basic information on the Québec Pension Plan and the maximum monthly amounts of pensions paid under the Plan in 2022.

Financial protection offered when working abroad

A person working abroad and his or her spouse may be entitled to a retirement, disability, surviving spouse's or orphan's pension paid by a foreign country. However, the following conditions must be met:

A certificate of coverage for work abroad can be obtained from our Bureau des ententes de sécurité sociale (BESS).

Monitoring

The Québec Pension Plan (QPP) is closely being monitored. Two safeguards have been implemented in order to improve and stabilize plan funding and properly meet the clients' needs:

  • an actuarial valuation carried out every 3 years to determine the QPP's ability to face its future financial obligations
  • a public consultation held every 6 years to consult the population on amendments to be made to the QPP.

Actuarial valuations and periodic public consultations allow the plan to be adapted to changing demographics as well as socioeconomic changes in Québec by making the necessary adjustments.

Other useful links

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