Example of a Statement of Benefits

To make it easier to understand, an example of the Statement of Benefits is provided below. Expressions underlined by a dotted line are clickable to obtain more information.


Your 2022 Pension

Government and Public Employees Retirement Plan (RREGOP)

Name of beneficiary

Address

Identification number: 9999999999

The document Your 2022 Pension provides information about the indexation on the amounts of your pension for 2022 as well as the evolution of that pension. You are invited to read it carefully.

If you signed up for direct deposit, you will receive in the following days, if not already, a document called Statement of Deposits, which shows the payments and deductions for the year 2021 and January 2022.

Indexation of your pension

Your pension is indexed on January 1 of each year according to the formula corresponding to your situation and the period during which your years of service were performed.

To assess the amount of your pension payable in 2022, we used the rate of increase of the Pension Index (PI). It is determined in accordance with the Act respecting the Québec Pension Plan based on last year's consumer price index. The PI rate for 20221 will be 2.70%.

Indexation
Partie de renteAnnual pension 2021 OperationRate applied OperationIndexationAnnual pension 2020

Portion of your pension indexed to the PI

(For years of service performed before July 1, 1982)

$10 000,00×2,70 %=$270,00 $10 270,00

Portion of your pension indexed according to the PI, minus 3%

(For years of service performed from July 1, 1982, to December 31, 1999)

$10 000,00×0,00 %=$0,00 $10 000,00

Portion of your pension indexed according to the most profitable rate between 50% of the PI and the PI minus 3%

(For years of service performed since January 1, 2000)

$10 000,00×1,35 %=$135,00 $10 135,00
Annual pension payable on January 1, 2022 $30 000,00 + $405,00 = $30 405,00

Evolution of your pension

Starting on the first day of the month following your 65th birthday, the pension you receive from a public sector pension plan will be reduced to take into account the amount paid by the Québec Pension Plan (QPP), regardless of the time you start receiving your pension paid by the latter. This coordination between the two plans is due to the fact that, during your career, you did not pay contributions on part of your salary because, at the same time, you were contributing to the QPP and to your public sector pension plan.

Annual payable pension
Starting on January 1, 2022 until May 31, 2023$30 405,00
Starting on June 1, 2023*$26 390,00
*Amount payable from the month following your 65th birthday.

Please note that the pension amount(s) displayed do not take into account the indexation to be applied in the future. It will be calculated each year according to the provisions from your pension plan in effect at that time.

To get all the details regarding coordination with the QPP, you can consult the leaflet Integration of Your Public Sector Pension Plan With the Québec Pension Plan (QPP).

Taxes

You will receive your income tax slips for 2021 before March 1, 2022.

We are required to deduct income taxes on the payment of your pension based on your country and province of residence. If you live in the province of Québec and wish to increase your tax deductions, or modify the personal income tax credits used to determine the amount of your source deductions, you must use the following forms:

If you wish to obtain more information regarding Québec income taxes, please contact Revenu Québec.

If you do not live in the province of Québec and wish to obtain information regarding another province's income taxes, the Canada federal taxes or another country's taxes, please contact the Canada Revenue Agency.

To contact us

You can use your identification number (9999999999) as a reference number in order to facilitate any communications with us.

Via our website

www.retraitequebec.gouv.qc.ca

By phone

418 643-4881 (Québec region)
1 800 463-5533 (toll free)

By fax

418 644-8659

 By mail

Retraite Québec
Régimes de retraite du secteur public
C.P. 5500, succ. Terminus
Québec (Québec) G1K 0G9

Subscribe to our newsletter and our e-magazine

Subscribing to our electronic mailing list allows you to receive news regarding the various public-sector pension plans.

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