Summary

Purpose of the report

The report was prepared in accordance with section 217 of the Act respecting the Québec Pension Plan. It indicates to what extent the amendments introduced by the bill entitled An Act respecting the implementation of certain provisions of the Budget Speech of 25 March 2025 and amending other provisions influence the results of the actuarial valuation under the Québec Pension Plan (QPP) as at 31 December 2021.

New periods eligible for the exclusion of the calculation of pensions for victims of an occupational injury

The measures introduced are mainly intended to add periods that can be excluded from the calculation of the benefits of the base plan. As of 1 January 2026, the months during which a reduced income replacement indemnity is paid by the Commission des normes, de l'équité, de la santé et de la sécurité du travail (CNESST) can be excluded from the calculation of the benefits of the base plan under the QPP, provided that certain conditions are met.

Results of the actuarial report

The CNESST assumes the entire costs associated with the new measures. Therefore, the measures have no effect on the funding of the QPP.

Consequently, the results of the actuarial report confirm that the QPP remains in good financial health. The steady-state contribution rate for the base plan remains at 10.70%, and the reference contribution rate to the additional plan remains at 1.85%.