Increase of 2.3% of the Québec pension from 1 January

Hausse de 2,3% des rentes du Québec à partir du 1er janvier

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The financial health of the Quebec pension Plan is good, and his long-term future is assured.

From the 1st of January, some two million beneficiaries of the Québec pension Plan will see their benefits increase.

The increase will be 2.3 %. Qpp pensions are indexed each year based on the average of the index of consumer prices, Statistics Canada.

Retirement Québec, which manages the Plan, makes almost $ 14 billion annually in payments of annuities.

The financial health of the Quebec pension Plan is good, and his long-term future is assured. The Plan’s reserve is approximately $ 68.5 billion.

The rate of contribution to the Plan will be to 11,10 % in 2019. These contributions are paid equally by employers and employees.

The maximum pensionable earnings, that is to say the maximum amount on which a worker contributes to the plan will be, in 2019, $ 57 400 $ instead of 55 900 $ currently.

The maximum contribution amount for an employee will be $ 2991 $.

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