Profile of PPMP clients for 2021, 2022 and 2023
| Breakdown of the clients | 2021 | 2022 | 2023 |
|---|
| Active members | 30 373 | 32 153 | 34 554 |
|---|
| Average age | 47.5 | 47.2 | 47.1 |
|---|
| Breakdown by gender | | | |
|---|
| Men | 36% | 35% | 34% |
|---|
| Women | 64% | 65% | 66% |
|---|
| Breakdown by network | | | |
|---|
| Health | 37% | 37% | 38% |
|---|
| Education | 33% | 33% | 32% |
|---|
| Public service | 30% | 30% | 30% |
|---|
| Retirees See note 1 | 10 309 | 11 667 | 12 963 |
|---|
| Average age | 70.7 | 71.1 | 71.5 |
|---|
| Surviving spouses See note 1 | 164 | 206 | 230 |
|---|
| Average age | 77.7 | 77.9 | 78.3 |
|---|
| Non-active members See note 2 | 4091 | 4108 | 4090 |
|---|
| Average age | 53.6 | 53.4 | 53.3 |
|---|
| Total | 44 937 | 48 134 | 51 837 |
|---|
- Part of the pension of those persons comes from the PPMP fund. In addition, for those three years, other persons were rather receiving a pension entirely borne by the government. For example, for 2023, there were 21 537 retirees and 2991 surviving spouses. Back to the reference
- A non-active member is a person who still has benefits under a pension plan even if he or she stopped accruing them. Back to the reference
Evolution of the demographic profile of PPMP clients
The PPMP stands out from most pension plans, because the ratio between the number of active members and the number of beneficiaries is lower than the average of all comparable plans, a trend that will continue to increase in the years to come.
The evolution of the PPMP demographic profile is known and has been reflected for several years in the plan's actuarial valuations.
Number of active members with respect to the number of beneficiaries for certain reference years
An increase in the number of beneficiaries will highlight the variations in the contribution rate, because there will be proportionally less and less active members to absorb the fluctuations of financial markets.
Return of the members' fund under the PPMP in 2024
The PPMP members' fund generated a return of 7.5% in 2024. The funds are fully invested with the Caisse de dépôt et placement du Québec (CDPQ), in various asset categories.
The return is attributable to the stock markets' performance and private investments. At the CDPQ, the asset categories generated returns of 25.5% and 17.2%, respectively. Other asset categories, that is, fixed-income investments, real estate and infrastructure, generated returns of 1.2%, -10.8% and 9.6%, respectively.
Table 1 shows the annual returns of the PPMP members' fund since 2015. Over a 10-year period, which ended on 31 December 2024, the fund generated an average annual return of 6.6%.
Table 1
Evolution of returns from 2015 to 2024 (percentage)
Table 2 shows the evolution of the value of the PPMP members' fund over the last 10 years. Please note that the significant decrease in the value of the members' fund in 2017 can be explained by the coming into effect of the Act to foster the financial health and sustainability of the Pension Plan of Management Personnel and to amend various legislative provisions. Under the Act, the government is responsible for all benefits payable to beneficiaries who retired before 1 January 2015. However, an amount of $5.1 billion (the portion of the assets regarding commitments to the beneficiaries) was transferred to the pension plans sinking fund in 2017, from the members' fund.
Table 2
Evolution of the value of the PPMP members' fund with the CDPQ (billions of dollars)
Understanding your pension plan well to better plan for retirement
Financial planning for your retirement can be very useful to help you maintain your standard of living once you have reached this new stage in your life. Your approach to planning your retirement should be the same as when you plan your other current or future projects, such as purchasing a property, your children's studies or travelling.
To make the right decisions, you must understand your pension plan well and the options offered to you, throughout your career path.
One of Retraite Québec's web pages is entirely dedicated to the Pension Plan of Management Personnel (PPMP). Depending on the stage where you are in your career, the following topics might interest you:
Consult the PPMP page for all the information related to your plan.
Retraite Québec's My Account: useful before and during retirement
My Account, your personalized and safe digital space, is your privileged connection to Retraite Québec. You will find information and tools that will help you plan financially for your retirement and that will also be useful once you have retired.
Would you like to retire soon? See how My Account can be useful to you:
Simulate your retirement income
How much should you save to have sufficient income when you retire? The financial retirement planning tool CompuPension allows you to explore various scenarios, which take into account your different sources of income: your personal savings, the amounts you accrued under the PPMP and your pensions under the Québec Pension Plan (QPP) and the federal Old Age Security program. You can therefore make informed decisions regarding your financial future. Remember that it is always worthwhile to discuss the simulation results with a financial planner.
- CompuPension can be found in the Planning your retirement section of My Account.
Consult your Statements of Participation under the PPMP and the QPP
Your Statements of Participation under the PPMP and the QPP offer you an estimate of the amounts to which you could be entitled when you retire and also indicate the contributions you made under those plans.
Applying for your retirement pension
Would you like to receive your pension under the PPMP or the QPP? Nothing could be easier! You must log in to My Account to file your application.
To find out the various provisions related to your pension under the PPMP, that is, the way your pension is calculated, when you will be entitled to it, the conditions related to receiving a reduced immediate pension, etc., consult the Calculation of your pension under the PPMP section of our website.
For the QPP, although the age to receive 100% of your pension is 65, you can increase the amount of your benefits by waiting a few more years before applying for it. As of age 72, you will receive the maximum amount of your pension. Conversely, if you apply for your pension before age 65, its amount will be reduced for the rest of your life.
Tracking your application
In My Account, you can choose your communication preference. If you choose the digital option, you will receive notifications that will allow you to follow the completed steps of your application until it has been accepted.
Are you retired? See how My Account can be useful to you.
Keep an eye on your payments
Once you have retired, My Account is practical and keeps you connected to Retraite Québec. It allows you to see the breakdown of your pension payments under the PPMP. In addition, you can consult the annual statement of your benefits. Therefore, you can see the annual indexation of your pension, if applicable, and find out how it has evolved over the years.
My Account also allows you to see the breakdown of your pension payment under the QPP and your next payments.
Receive your income tax slips
You can consult your income tax slips related to the PPMP or the QPP in My Account. The documents are uploaded in the My documents section each year, from January to the beginning of February. Therefore, you can consult them and print them before receiving them by mail.
To contact Retraite Québec
By telephone:
Québec area: 418 643-4881
Toll-free: 1 800 463-5533
Fax: 418 644-8659
By mail:
Retraite Québec
Régimes de retraite du secteur public
Case postale 5500, succursale Terminus
Québec (Québec) G1K 0G9
Pension committee members