The Québec Pension Plan

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

The changes to the Québec Pension Plan, which begin taking effect in 2019, will help improve the standard of living of future generations of retirees. The enhancements to the Plan are notably due to the amendments in the Act to enhance the Québec PensionPlan and to amend various retirement-related legislative provisions This link will open in a new window., which was passed in 2018.

The additional plan, which enhances the Plan and meets the expectations of both workers and employers, will achieve maturity in 2065.

The additional plan

The new plan increases

  • the income replacement rate (from 25% to 33.33%).
  • the 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 2018, the contribution rate for the Québec Pension Plan is 10.80% and applies to earnings between the $3500 general exemption and $55 900, which is the maximum amount on which employees can contribute in 2018.

The additional plan will also be funded by contributions made by individuals who work in Québec and their employers. 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

To find out maximum amounts for pensions paid in 2018 

Québec Pension Plan Figures gives basic information on the Québec Pension Plan and the maximum monthly amounts of pensions paid under the Plan in 2018.

For Quebeckers working abroad

A worker 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).

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