Calculation of your retirement pension under the Québec Pension Plan 

Your retirement pension under the Québec Pension Plan (QPP) is calculated based on:

  • the employment earnings entered in your file under the QPP. Higher earnings will give you a higher pension;
  • the age at which you apply for your pension. If you apply at age 65, your retirement pension under the QPP will give you 25% of the average income you earned during your career. This rate will increase to reach 33% by 2065 with the additional plan.

If you apply for your pension before age 65, you will receive a lower pension during your entire retirement. If you begin receiving it after age 65, it will be higher for life.

Here are the pensions received each month by persons who applied for their pension to begin in 2022, based on their age when they filed their application.

AgeAdjustement factor See note 1Average pension
(per month)
Maximum pension See note 2
(per month)
6064 to 70%$443$802
6171,2 to 76%$578$893
6278,4 to 82%$664$983
6385,6 to 88%$735$1073
6492,8 to 94%$750$1163
  1. An adjustment factor applies to the pension amount. It varies based on a person's age and the expected amount of their pension. A person therefore receives a higher or lower pension based on the adjustment factor. Back to reference
  2. The amounts apply to persons entitled to the maximum pension. These persons earned employment income high enough to contribute to the maximum pensionable earnings each year used to calculate their pension amount. Back to reference

To find the maximum pension amounts in 2023, see the section on benefit amounts and key data for the QPP.

What you should know about the amount of your retirement pension

Here are some things you should know about the calculation of your pension:

Consult your Statement of Participation under the QPP in My Account to find out the employment earning amounts entered in your file. This document also gives you an estimate of your retirement pension.

Have you carried out the financial planning for your retirement?

When you feel it is the right time for you, you will need to apply for a retirement pension. You will not receive it automatically.

Other useful information

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