Retiring
Québec Pension Plan
As of age 65, you can receive 100% of your retirement pension under the Québec Pension Plan (QPP). To be eligible, you must have worked for at least one year.
Your retirement pension is calculated based on the employment earnings you have earned since you turned 18. Your pension also varies based on the age at which you start receiving it.
Applying for your retirement pension is an important decision. Be sure to ask yourself these questions before applying for your retirement pension.
Supplemental pension plans
Various scenarios are available to you to obtain a retirement income. The scenarios vary depending on whether you are a member of a defined-contribution pension plan, a defined-benefit pension plan or a simplified pension plan.
Based on the scenario that applies to your situation, your retirement income may come from a life income fund (LIF), an annuity contract purchased from an insurer or from your pension plan (except for a simplified plan).
Your retirement income may not be indexed, that is, adjusted to the cost of living. This depends on the details of your plan or the options you chose. However, your retirement income is taxable.
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