What's New in 2024

2023 rates of return for public-sector pension plan funds

In 2023, the RREGOP (Government and Public Employees Retirement Plan) fund generated a return of 6.3%, and the PPMP (Pension Plan of Management Personnel) fund generated a return of 6.5%. For more information on fund returns of other pension plans, see our website.

22 February 2024

In 2023, the rate of return of the QPP’s base plan was 7.2%

The annual results published by the Caisse de dépôt et placement du Québec (CDPQ) indicate that in 2023, the Québec Pension Plan (QPP) funds generated a return of 7.2% for the base plan and 8.2% for the additional plan.

Consult the press release (French only)

21 February 2024

Update to the instructions regarding actuarial assumptions and methods

Consult the Actuarial assumptions and methods section for Retraite Québec's most recent instructions applicable to the actuarial valuations of supplemental pension plans after 30 December 2023, but prior to 31 December 2024. The instructions particularly concern the maximum interest assumption.

16 February 2024

Publication of two regulations regarding supplemental pension plans

The two following regulations (French only) were published in the Gazette officielle du Québec on 5 February 2024:

  • Regulation respecting the funding of defined-benefit pension plans of the municipal and university sectors;
  • Regulation to amend the Regulation respecting the exemption of certain pension plans from the application of provisions of the Supplemental Pension Plans Act.

They update and harmonize the rules applicable to pension plans of the municipal and university sectors, of emergency medical technicians, as well as of employees of early childhood centres (CPEs) and accredited private daycares in Québec.

The regulations were made with amendments and they come into force on 22 February 2024.

An English version of the regulations is available on Les Publications du Québec – Gazette officielle's website.

7 February 2024

Improvement of financial assistance application forms for handicapped children

In order to better support parents who file an application for the supplements for handicapped children, Retraite Québec added explanations, examples and certain options with checkboxes on the forms. To ensure we are meeting your expectations, we consulted groups of parents who live with a handicapped child. The information obtained allowed us to better understand our clients' needs and identify the improvements to be made.

19 January 2024

New calculation of the disability pension for persons aged 60 to 65

If you are between ages 60 and 65, your disability pension was changed in January to offer you better financial protection. Your retirement pension now replaces the portion of your disability pension that varies based on the employment earnings entered in your file. Since January, you have been receiving your retirement pension and a disability pension, the amount of which is identical for all beneficiaries. Both pensions are adjusted to the cost of living each year. For more information on the calculation of your disability pension, consult the page regarding the Disability pension under the Québec Pension Plan.

15 January 2024

REMINDER – Training activities offered in 2024 to pension committee members

If you have not already done so, register now for the training activities offered by Retraite Québec in February 2024. The activities are offered in French only.

10 January 2024
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