Actuarial Valuation

Rapport actuariel modifiant l’Évaluation actuarielle du Régime de rentes du Québec au 31 décembre 2021

(Actuarial report modifying the actuarial valuation of the Québec Pension Plan as at 31 December 2021; French only)

The report, prepared in accordance with section 217 of the Act respecting the Québec Pension Plan, indicates to what extent the amendments introduced in the Budget Speech of 21 March 2023 influence the results of the most recent actuarial valuation of the Québec Pension Plan. These amendments are included in part in a forthcoming tax bill and in part in the bill entitled An Act respecting the implementation of certain provisions of the Budget Speech of 21 March 2023 and amending other provisions.

The main legislative amendments are:

• Eliminate the obligation to contribute for beneficiaries of the retirement pension under the Québec Pension Plan aged 65 or over;
• Extend the maximum age at which a person can begin receiving a retirement pension under the Québec Pension Plan to age 72;
• Protect the retirement pension amount for workers aged 65 or over;
• Define the parameters of the automatic adjustment mechanism of the additional plan.

Consult a summary of the report (in French only)