Your retirement pension under the Québec Pension Plan

The retirement pension paid under the Québec Pension Plan is part of the basic income that a person can receive as early as age 60 if he or she contributed to the Plan.

At age 65

  • He or she could also receive an Old Age Security pension paid by the federal government.
  • The retirement pension and the Old Age Security Pension may be complemented by other sources of income.
    Example

    Supplemental pension plans, commonly called "pension funds," and registered retirement savings plans (RRSPs).

The retirement pension is calculated on the basis of the employment earnings on which a worker paid contributions to the Plan.

Statement of Participation under the Québec Pension Plan

The Statement of Participation is a great tool for financial planning for retirement. Available at all times in My Account, it contains the following information:

  • the employment earnings on which a worker paid contributions to the Québec Pension Plan and the Canada Pension Plan, if applicable
  • an estimate of the amount of the disability pension to which the worker could be entitled in the event of a disability
  • an estimate of the monthly amount of the retirement pension to which the worker would be entitled at age 60 and at age 65, should he or she decide to apply for a retirement pension
  • an estimate of the projected monthly amount of the retirement pension to which the worker would be entitled at age 60 and at age 65 if he or she continued to contribute on earnings similar to those already recorded
  • an estimate of the amount of the surviving spouse's pension and the other benefits to which a worker's family would be entitled in the event of death.

It is important for workers to make sure that all the employment earnings on which they contributed to the Québec Pension Plan are correctly recorded under their name. If there are any errors, Retraite Québec must be notified by completing the Request for Corrections to Pensionable Employment Earnings (Québec Pension Plan) form.

What happens in the event of a separation?

The earnings recorded under the names of both former spouses are added together for each year subject to partition, and are then divided equally between them. The new amounts will eventually be used to set the amount of benefits.

Note that...

Former spouses will not receive any money before they become entitled to receive a pension from the Québec Pension Plan.

For more information on...

Did you know?

Your retirement pension under the Québec Pension Plan will not be paid automatically. You must apply for it.
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