Quebec Pension Plan - Key Data for 2023
The Québec Pension Plan was enhanced by introducing an Additional Plan as of January 1, 2019. As is the case with the Base Plan, the Additional Plan will also be funded by equal contributions made by the employee and their employer. Those contributions will gradually increase from 2019 to 2025.
|
|
January 1st |
|
|---|---|---|
|
2023 |
2022 |
|
|
MPE (Maximum pensionable earnings) |
$66,600 | $64,900 |
| Basic exemption | $3,500 | $3,500 |
|
Contribution rate |
|
|
| Employee contribution rate Base Plan Additionnal Plan Maximum employee contribution |
5.4% $3,407.40 |
5.4% $3,315.60 |
| Maximum monthly pension -Retirement age 65 (1) | $1,306.57 |
$1,253.59 |
|
Pension indexation rate |
6.5% | 2.7% |
(1) Including the base plan retirement pension and the additional plan retirement pension. These amounts consider a retirement date as at January 1st.
