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.
| Age | Adjustement factor See note 1 | Average pension
(per month) | Maximum pension See note 2
(per month) |
|---|
| 60 | 64 to 70% | $443 | $802 |
|---|
| 61 | 71,2 to 76% | $578 | $893 |
|---|
| 62 | 78,4 to 82% | $664 | $983 |
|---|
| 63 | 85,6 to 88% | $735 | $1073 |
|---|
| 64 | 92,8 to 94% | $750 | $1163 |
|---|
| 65 | 100% | $759 | $1254 |
|---|
| 66 | 108,4% | $869 | $1359 |
|---|
| 67 | 116,8% | $934 | $1464 |
|---|
| 68 | 125,2% | $981 | $1566 |
|---|
| 69 | 133,6% | $1065 | $1700 |
|---|
- 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
- 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