Retraite Québec
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Your job and the Québec Pension Plan
Your employer sponsors a pension plan
Information on pension plans
You want to join a pension plan
Your employment situation changes
Work and retirement
Voluntary Retirement Savings Plans (VRSPs)
Work
Your job and the Québec Pension Plan
Your employer sponsors a pension plan
Information on pension plans
You want to join a pension plan
Your employment situation changes
Work and retirement
Voluntary Retirement Savings Plans (VRSPs)
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Work and retirement
Retiring
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Retiring
Québec Pension Plan
The
amount of your pension
is based on the employment earnings recorded under your name since 1966, the year in which the Québec Pension Plan began. A pension varies according to the age at which you begin to receive it, depending on whether payment begins before or after your 65th birthday.
We do not count certain months with
low earnings or no earnings
. That increases your average monthly earnings to increase the amount of your retirement pension.
The pension under the Québec Pension Plan is indexed each year in January based on changes in the cost of living.
Payment of your pension is not automatic. You have to
apply for it
. It is recommended that you file your application from 1 to 3 months before the date you wish to begin receiving your pension.
A retirement pension is taxable.
If you are receiving a retirement pension and you work, you will receive a
retirement pension supplement
the following year.
Supplemental pension plans
You can draw a retirement income in different ways depending on your type of supplemental pension plan:
defined contribution pension plan
,
defined benefit pension plan
or a
simplified pension plan
.
Depending on your situation, your retirement income may come from a life income fund (LIF), an annuity contract purchased from an insurer or directly your pension plan (unless it is a simplified plan).
Your retirement income may or may not be indexed. That depends on the characteristics of your plan the payment options that you select.
Your retirement income is taxable.
To find out more
Québec Pension Plan
(RRQ)
How to
reduce the tax impact of your pension
under the Québec Pension Plan
Use
CompuPension
to simulate the income that you could have at retirement.
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