Québec Pension Plan Figures

You will find below some basic information on the Plan and the maximum pensions and death benefit paid under the Plan.

Basic information for 2024
Contribution rate Employers and workers each pay half of the contribution to the Plan. Self-employed workers pay both shares of the contribution, that is, the employer's share and the worker's share.
Basic exemption	$3500
Yearly maximum pensionable earnings, also called maximum pensionable earnings (MPE)	$68 500
Additional maximum annual pensionable earnings, also called additional maximum pensionable earnings (YAMPE)	$73 200
On earnings between $3500 and $68 500
Base plan	10.8%
Additional plan	2%
On earnings between $68 500 and $73 200
Additional plan	8%
Maximum contribution for workers and employers
On $65 000 (earnings between $3500 and $68 500 [MPE])
Base plan (5.4%)	$3510
Additional plan (1%)	$650
On $4700 (earnings between $68 500 and $73 200 [YAMPE])
Additional plan (4%)	$188
Maximum contribution for self-employed workers
On $65 000 (earnings between $3500 and $68 500 [MPE])
Base plan (10.8%)	$7020
Additional plan (2%)	$1300
On $4700 (earnings between $68 500 and $73 200 [YAMPE])
Additional plan (8%)	$376
Indexation rate for benefits as at 1 January 2024	4.4%

Maximum amount for single payment
Maximum amount for death benefit	$2500

Maximum monthly amounts
Pensions are calculated by using the average maximum pensionable earnings for the last five years. The amounts paid under the additional plan are included in the maximum amounts shown and were updated on 1 January 2024.
Retirement pension
At age 65 (100% of the maximum pension)	$1364.60 See ^(Note 1)
At age 60 (64% of the maximum pension)	$873.34
At age 72 (158.8% of the maximum pension)	$2166.98
Disability benefits
Disability pension for persons aged 18 to 59	$1606.75
Disability pension for persons aged 60 to 65	$583.29
Additional amount for disability for beneficiaries of the retirement pension	$583.29
Pension for a disabled contributor's child	$93.39
Survivors' benefits
Orphan's pension	$294.12
Surviving spouse's pension It is the pension calculated for contributors who were not receiving a retirement pension.
Beneficiary under age 45, not disabled, without dependent children	$668.91
Beneficiary under age 45, not disabled, with dependent children	$1061.12
Beneficiary under age 45, disabled, with or without dependent children	$1102.80
Beneficiary between ages 45 and 64	$1102.80
Beneficiary age 65 or over	$822.14

The maximum retirement pension at age 65 for the base plan is $1334.58. Back to reference

Basic information on the Québec Pension Plan in 2023
Maximum Pensionable Earnings	$66 600
Basic exemption	$3500
Contribution rate
Base plan	10.80%
Additional plan	2%
Maximum contribution for workers and employers
Base plan (5.4%)	$3407.40
Additional plan (1 %)	$631.00
Maximum contribution for self-employed workers
Base plan (10.80%)	$6814.80
Additional plan (2%)	$1262.00
Indexation rate for benefits as at 1 January 2023	6.50%

Maximum amount for lump-sum
Death benefit	$2500

Maximum monthly amounts See ^Note 1
Retirement pension
Age 65 (100% of the maximum pension)	$1306.57
Age 60 (64% of the maximum pension)	$836.20
Age 70 (142% of the maximum pension)	$1855.33
Disability benefits
Disability pension	$1537.13
Pension for a disabled person's child	$89.45
Survivors' benefits
Orphan's pension	$281.72
Surviving spouse's pension See ^Note 2
Beneficiary under age 45. not disabled. without dependent children	$649.20
Beneficiary under age 45, not disabled, with dependent children	$1024.88
Beneficiary under age 45, disabled, with or without dependent children	$1064.81
Beneficiary between ages 45 and 64	$1064.81
Beneficiary age 65 or over	$804.13

Pensions are calculated by using the average maximum pensionable earnings for the last five years. The amounts paid under the additional plan are included in the maximum amounts shown.Back to reference
Pension calculated with respect to contributors who were not receiving a retirement pension.Back to reference