Quebec Pension Plan - Key Data for 2025
Retirement and Benefits
Numéro 24-10
December 16, 2024
The Québec Pension Plan was enhanced by introducing an Additional Plan as of January 1, 2019. Since 2024, a new contribution rate is effective on earnings between the Year's maximum pensionable earnings (YMPE) and the Year's additional maximum pensionable earnings (YAMPE). The YAMPE was 107% of the YMPE in 2024 and will be 114% of the YMPE in 2025 and thereafter.
| January 1 | |
|---|---|---|
| 2025 | 2024 | |
| YMPE | $71,300 | $68,500 |
| YAMPE | $81,200 | $73,200 |
| Basic exemption | $3,500 | $3,500 |
| Contribution rate On earnings between the basic exemption and the YMPE Base Plan Additional Plan On earnings between the YMPE and the YAMPE Additional Plan | 10.8% 2.0% 8.0% | 10.8% 2.0% 8.0% |
| Employee contribution rate On earnings between the basic exemption and the YMPE Base Plan Additional Plan On earnings between the YMPE and the YAMPE Additional Plan | 5.4% 1.0% 4.0% | 5.4% 1.0% 4.0% |
| Maximum employee contribution ($) Base Plan Additional Plan | $3,661 $1,074 | $3,510 $838 |
| Maximum monthly pension - Retirement age 65 (1) | $1,433 | $1,364.60 |
| Pension indexation rate | 2.6% | 4.4% |
(1) Including the base plan retirement pension and the additional plan retirement pension. These amounts consider a retirement date as at January 1.
