What's New in 2020
Mr. Eric Girard, Minister of Finance, introduced
An Act mainly to allow the establishment of target benefit pension plans in the National Assembly. This new bill offers Québec workers an additional option for saving. It meets the needs of both the workers and the employers, particularly with regard to financial risk sharing. Consult the
press release (French only) for more information.
7 October 2020
In case of separation, ask your supplemental pension plan administrator for your statement of benefits and partition of those benefits.
30 September 2020
Do you have a Life Income Fund (LIF)? Talk to a specialist in
financial planning about the withdrawal easing measures.
30 September 2020
From now on, you can indicate whether or not documents contain confidential information when sending them via the SPP Portal's electronic messaging service. To learn how to use this new feature, consult the Documents section of the SPP Portal user guide.
21 September 2020
The draft Regulation published on 16 September 2020 in the
Gazette officielle du Québec is further to the new agreement between the governments of Canada, Québec and 6 other Canadian provinces, regarding pension plans that are governed by more than one jurisdiction. It aims to end additional funding determined on a solvency basis for multi-jurisdictional pension plans in order for those plans to once again be subject to funding rules similar to those of plans that have members and beneficiaries in Québec only.
Should you have any comments regarding the draft Regulation, please send them in writing to Retraite Québec within 45 days of the publication, that is, before 31 October 2020, following the instructions provided in the
16 September 2020
On 1 September 2020, a new social agreement between Québec and Bulgaria will come into force. The agreement will enable Québec citizens to obtain a certificate of coverage for work in Bulgaria and to apply for a retirement pension under that country's social security system. Retraite Québec's Bureau des ententes de sécurité sociale (BESS) acts as the liaison agency between countries that have signed an international social security agreement with Québec. To find out more, please consult the section concerning international social security agreements on Retraite Québec's website.
31 August 2020
The information is intended for actuaries and pension plan administrators and concerns the actuarial valuations of supplemental pension plans:
5 August 2020
With the Family Allowance payment you received on 2 July, you received the annual $104 payment for each of your children ages 4 to 16 on 30 September, whether they attend school or not.
Learn more about this financial assistance
16 July 2020
Regulation respecting measures related to supplemental pension plans to reduce the consequences of the public health emergency declared on 13 March 2020 due to the COVID-19 pandemic was published in the
Gazette officielle du Québec on 15 July 2020.
The draft Regulation provides for the 4 following measures:
- Using a degree of solvency established monthly based on an estimate of the financial position of the plan with regard to the payment to members and beneficiaries from 17 April 2020 to 31 December 2020, of benefits accrued under a defined benefit plan.
- Extending by 3 months the time limits provided for under the
Supplemental Pension Plans Act that expire after 12 March 2020, but before 1 January 2021, for an administrator to send certain prescribed documents to Retraite Québec, without penalty, and to send members and beneficiaries annual statements and invitations to attend the annual meeting.
- Maintaining active membership and the conditions to maintain it when the plan is amended for the benefits accrued under a defined benefit plan or a defined contribution plan to cease temporarily.
- Removing the requirement to produce an actuarial valuation as at 31 December 2020 for defined benefit pension plans in the private sector whose funding level as at 31 December 2019 is less than 90%.
Any person wishing to comment may do so until 29 August 2020 by submitting comments to the address indicated on the notice of prior publication of the draft Regulation.
You will also find new information on the
2 first measures and a new section regarding the
3rd measure in the Frequently Asked Questions on Retraite Québec's website. You will find the question publication dates below each question.
15 July 2020
Retraite Québec publishes a
31 December 2019 update of the PPMP actuarial valuation as at 31 December 2017.
19 June 2020
Do you think that Emma and William have been dethroned? See the List of Baby Names or our social media accounts to find out which are the most popular given names in 2019.
18 June 2020
Simplified service buy-backs
The form used to apply for a service buy-back has been simplified in order to ease the filing process. From now on, Retraite Québec will be responsible for contacting the employers concerned in order to complete your application. As soon as your form has been completed, you can send it directly to Retraite Québec, either via our online service or by mail.
In addition, you no longer have to enclose the Attestation de l'employeur concernant un rachat de service form (RSP-728) (French only) with your application because the employer or employers concerned will now send it directly to Retraite Québec.
Why should you buy back service?
Service buy-backs can have a positive effect on your retirement pension amount and on when you can retire. This provision of your pension plan can, under certain conditions, allow you to have periods of absences without pay or of work during which you did not contribute to your public-sector pension plan recognized.
The new forms are available on our website. For more information on service buy-backs, see our Buy-Backs brochure.
18 June 2020
Retraite Québec publishes a 31 December 2019 update of the RREGOP actuarial valuation as at 31 December 2017. A note from the RREGOP pension committee is included with the document.
12 June 2020
Visit our Facebook page for the unveiling of the top baby names of 2019!
8 June 2020
See the new agreement between the governments of Canada, Québec and 6 other Canadian provinces, which Mr. Eric Girard, the Québec Minister of Finance, introduced in the National Assembly today, 2 June 2020.
The agreement, which will come into force on 1 July 2020, specifically provides for the harmonization of the rules regarding asset allocation with the funding requirements on a going concern basis, as provided for under the
Supplemental Pensions Plans Act.
2 June 2020
Retraite Québec has published its Rapport annuel de gestion 2019 (Annual management report for 2019; French only). The report covers Retraite Québec's results regarding the agency's Plan stratégique 2017-2019 (2017-2019 Strategic plan; French only), Plan d'action 2019 (Action plan for 2019; French only) as well as its Service Statement.
The report also presents Retraite Québec's financial statements, as well as those of the Québec Pension Plan and public-sector pension plans (RREGOP, PPMP, etc.).
2 June 2020
See the Frequently Asked Questions to find out more about the temporary easing measures
regarding supplemental pension plans (SPPs) within the context of the COVID-19 pandemic.
19 May 2020
See the Frequently Asked Questions to find out more about the temporary easing measure
regarding locked-in retirement accounts (LIRAs) and life income funds (LIFs) within the context of the COVID-19 pandemic.
15 May 2020
Retraite Québec has published its
Plan d'action à l'égard des personnes handicapées 2020
(2020 Action plan for people with disabilities; French only).
29 April 2020
If you have a child or children under age 18, you will receive your Family Allowance annual notice by the end of July 2020*. The notice will give you the amounts that you will receive from July 2020 through June 2021. Be sure to verify that the information on your family situation is correct because amounts vary depending on the number of children in your care and whether the children are in shared custody.
*Since this information was first published, changes have occurred. As a result, as of 20 May 2020, rather than receiving your annual notice by the end of July 2020, you might not receive it before the end of August 2020. However, the Family Allowance amounts you will receive from July 2020 to June 2021 will be indicated in
My Account by 11 June 2020.
23 April 2020
Our Plan Divisions and Mergers page gives new instructions regarding the production of annual information returns (AIR) for plans affected by a division or merger.
IMPORTANT: The new instructions require that a plan's AIR show the effects of the division or merger, whether or not Retraite Québec has authorized the division or merger when the return is produced.
21 April 2020
In the context of the COVID-19 outbreak, we have implemented 2 temporary easing measures to assist administrators of supplemental pension plans. Once parliamentary proceedings resume, the measures may be subject to specific legislative provisions.
The measures covering supplemental pension plans are:
- the extension of deadlines for certain regulatory and legal obligations
- an update to the degree of solvency that must be taken into account for payments (transfers and refunds) under defined benefit pension plans.
General extension of 3-month deadlines
We have extended the deadlines for providing certain documents to Retraite Québec and to members by 3 months, without penalty (additional fees). For more information, see the table below.
Please note that the extension applies to all the deadlines that had not expired by 12 March 2020, but which would have expired in 2020.
Impacts on a plan whose fiscal year ended on 31 December 2019
Supplemental pension plan (SPP)||
|Annual statement for members and beneficiaries||30 September 2020||31 December 2020|
|Triennial or annual actuarial valuation, actuarial valuation for an amendment to the plan or for the use of excess assets||30 September 2020||31 December 2020|
|Actuarial valuation for a purchase of annuities||Within 4 months of the date of purchase||Current deadline + 3 months|
|Actuarial valuation required by Retraite Québec||Within 60 days of the date of the valuation||Current deadline + 3 months|
|Notice regarding the plan's financial situation||30 September 2020||31 December 2020|
|Actuarial valuation for a negotiated contribution plan||30 June 2020||30 September 2020|
|Recovery plan for negotiated contribution plans||Within 18 months of the valuation date||Current deadline + 3 months|
|Application for registration of amendments provided for in the recovery plan||Within 24 months of the valuation date||Current deadline + 3 months|
|Annual information return (AIR) and financial report ||30 June 2020||30 September 2020|
|Notice of annual meeting||30 September 2020||31 December 2020|
|Termination report ||Within 90 days of receiving the termination report||Current deadline + 3 months|
|Termination or employer withdrawal report (if the employer is insolvent)||Within 120 days of the date of the termination or withdrawal||Current deadline + 3 months|
Supplemental pension plan (SPP)||
AIR and financial report||30 June 2020||30 September 2020|
IMPORTANT: The following deadlines have not been extended:
- deadline for sending a statement once an employee leaves;
- deadline for filing a transfer application.
Update to the degree of solvency that must be taken into account for payment (transfers and refunds) under defined benefit pension plans
All payments (transfers and refunds) between 17 April 2020 and 31 December 2020 must take into account a degree of solvency that reflects the plans' current financial situation.
Therefore, the payments must take into account the degree of solvency updated on the last working day of the month preceding the date on which the value of the member's benefits was determined. However, if the date on which the value is determined is prior to 1 April 2020, the degree of solvency must be determined based on the plan's estimated financial situation as at 31 March 2020.
The degree of solvency must be the one estimated by an actuary based on the plan's estimated financial situation, by taking into account, in particular, the real rate of return of the pension fund, changes in interest rates on a solvency basis and contributions that were made since the plan's last complete actuarial valuation. It is not necessary to provide the estimate unless Retraite Québec requests it.
Additional information concerning actuarial valuations as at 31 December 2019
Supplemental Pension Plans Act provides for the funding of a pension plan to be based on an actuarial valuation that must be produced at least every 3 years. As a result, a plan could choose to produce an actuarial valuation as at 31 December 2019, regardless of whether it is required. The measure is already allowed under the Act and does not require any authorization from Retraite Québec.
Payment of contributions into the pension fund
Despite the current situation, deadlines for making payments into the pension fund (every month) and for notifying Retraite Québec of any unpaid contribution (within 60 days after it becomes due) have not been extended.
For all questions regarding the administration of your retirement pension, contact the Direction des régimes complémentaires de retraite
by telephone or by email at
16 April 2020
Given the exceptional context of the COVID-19 outbreak, we have implemented a temporary measure to allow for the easing of the rules for Life Income Fund (LIF) withdrawals in 2020. Once parliamentary proceedings resume, the measure may be subject to specific legislative provisions.
Therefore, for 2020, any persons holding an LIF who were under age 70 on 31 December 2019 may obtain temporary income subject to the same conditions than the persons between the ages of 54 and 64 on 31 December 2019.
For persons holding an LIF who were under age 54 on 31 December 2019, these are the main changes:
- income from other sources, such as employement earnings, are no longer taken into account;
- withdrawals may be completed in a lump sum or in several payments during 2020, in conformity with the provisions of the contract;
- they may have more than one LIF.
Persons holding an LIF who were at least age 65, but under age 70 on 31 December 2019, are not entitled to temporary income in conformity with normal rules. Therefore, the temporary measure allows them to obtain the income, which can reach 40% of the maximum pensionable earnings (MPE), that is, $23 480 for 2020.
At any age, when a temporary income is paid, the life income is adjusted to take it into account. The adjustment depends on the amount of the temporary income that is withdrawn, the account balance and the age of the person that holds the LIF.
For additional information, contact the Direction des régimes complémentaires de retraite by telephone or by email at email@example.com.
16 April 2020
In the context of the COVID-19 outbreak, one of Retraite Québec's concerns is to provide assistance to administrators and members of supplemental pension plans. To this end, we are assessing various scenarios in order to manage and mitigate the impact of the current crisis on pension plans. We are working on the possibility of implementing temporary easing measures that would lighten the administrative burden of supplemental pension plan management and foster better access to retirement savings for members.
3 April 2020
Due to the current situation resulting from the Covid-19 pandemic, Retraite Québec wishes to inform you that registration for various information sessions, training activities, and Retirement Planning Information Sessions (RPIS) has been suspended until further notice. Be sure to keep an eye on our publications to find out when they will resume.
3 April 2020
Rest assured that upcoming payments will be made according to scheduled payment dates for all our programs.
We wish to remind you that signing up for direct deposit remains the best way to limit your movement outside
3 April 2020
In this period of uncertainty and upheaval in our daily lives, I wish to assure you that Retraite Québec has implemented all the measures necessary to ensure we maintain a fundamental element of our mission: that
you receive all the payments to which you are.
2 April 2020
The periods of low income taken into account for the calculation of various benefits under the Québec Pension Plan (QPP) will be extended from 7 to 18 years for parents of minor children eligible for the Supplement for Handicapped Children Requiring Exceptional Care. The change, which was announced in the framework of the 2019-2020 Budget, will allow parents to exit the labour market to care for their children, without having their retirement, disability or surviving spouse's pension reduced during the 18-year period taken into consideration. They will also remain eligible for all benefits under the QPP. The implementation of the measure will require legislative amendments.
For futher information, please consult the
Ministère des Finances website .
13 March 2020
Are you a retiree under the Pension Plan of Management Personnel (PPMP) and are planning to return to work or already have done so? The rules that apply should you choose to end your PPMP membership have changed.
Consult the new terms and conditions applicable under the PPMP for retirees returning to work and find out how they could affect your retirement pension.
11 March 2020
As of 1 April 2020, new rates will apply to the calculation of certain service buy-backs under public-sector pension plans (RREGOP, PPMP, etc.). For further information or to find out how the changes will affect the cost of the buy-back you are considering, consult our tariff schedules.
3 March 2020
The 2019 Annual Information Return (AIR) – Supplemental pension plans is now available on the
Annual Information Return – Simplified pension plans is now available.
3 March 2020
The Caisse de dépôt et placement du Québec published its annual results earlier today. In 2019, the funds in the Québec Pension Plan generated returns of 10.8% for the base plan and of 11.0% for the additional plan. We wish to point out that the additional plan was implemented in January 2019 when the Québec Pension Plan enhancement became effective.
20 February 2020
In 2019, the RREGOP (Government and Public Employees Retirement Plan) fund generated a return of 10.7%, and the PPMP (Pension Plan of Management Personnel) fund generated a return of 10.6%. For details on fund returns of other pension plans, see our website.
20 February 2020
Retraite Québec is committed to offering you high-quality services. Please consult our Service Statement listing our target commitments regarding the services you receive.
28 January 2020
Please consult the 2020 calendar of training activities and sign up before 7 February for those that interest you.
16 January 2020
On 1 October 2019, the Bank of Canada stopped publishing the monthly Chartered Bank Interest Rates, because they were simply the weekly rate of the last Wednesday of each month.
However, since certain sections of the Supplemental Pension Plans Act and its regulations refer to the monthly rate of personal five-year term deposits with chartered banks (CANSIM V122515 series), Retraite Québec recommends using the weekly rate of the last Wednesday of each month, on personal five-year term deposits (CANSIM V80691336 series) instead of the monthly rate of the CANSIM V122515 series, until the required legislative amendments are made.
16 January 2020
Are you familiar with the Supplement for Handicapped Children and the Supplement for Handicapped Children Requiring Exceptional Care? They are 2 financial assistance programs available to parents who must provide care for a handicapped child or who assume extraordinary responsibilities in administering special care or who must be constantly present with a child. If your child is eligible for the supplement, in 2020, you could receive:
- A monthly payment of $198, if your child meets the requirements of the Supplement for Handicapped Children
- A monthly payment of $995, if your child meets the requirements of Tier 1 of the Supplement for Handicapped Children Requiring Exceptional Care
- A monthly payment of $663, if your child meets the requirements of Tier 2 of the Supplement for Handicapped Children Requiring Exceptional Care.
See the Handicapped children section on our website to find out about the eligibility requirements.
16 January 2020
If you are receiving a retirement pension, disability benefits or survivors' benefits under the Québec Pension Plan, or benefits under a public-sector pension plan (RREGOP, PPMP, etc.), you will receive a tax slip by the end of February. The slip provides information you will need to complete your income tax return, including the amount you received in 2019.
16 January 2020
From now to 24 February 2019, Retraite Québec will be leading a promotional campaign suggesting that you think about your retirement as a project that requires planning. Consider retirement as any other project you would normally plan, such as a trip, renovations, etc. See our theme page for more information, videos featuring Léane Labrèche-Dor and financial planning tools.
13 January 2020
The Plan d'action 2020 (Action plan for 2020; French only) outlines the steps that we will put in place during the year to achieve the objectives in our Plan stratégique 2020-2023 (2020-2023 Strategic plan; French only).
13 January 2020