To make it easier to understand, an example of the
beneficiary annual
statement is provided below.
It shows all possible sections of a complete statement.
(appended to statement)
 |
Your 2011 annual statement |
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|
(Name of pension plan) |
NAME OF
BENEFICIARY
ADDRESS
Our reference: 9999999999 (your identifier)
It is with great pleasure that CARRA is providing you with your annual statement. The statement contains information on the evolution and the indexation of your pension for 2011 and informs you of the benefits that will be payable in the event of your death. We suggest that you study this document carefully. If you find an error, please contact CARRA.
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Annual pension payable |
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Until April 30, 2020 |
$49,427.47 |
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As of May 1, 2020* |
$39,118.08 |
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* Your pension will be reduced at age 65 because it is integrated with the pension paid under the Québec Pension Plan (QPP). |
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We also wish to point out that the amount of the pension to which you will be entitled does not take future indexation into account. This is because it is impossible to predict the indexation rates to be applied to your pension until the first payment.
For the year 2011, the Pension Index adjustment rate is 2.80%.
|
Indexation |
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|
Annual pension |
|
Rate |
|
Indexation |
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|
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|
Portion of your pension indexed to the full PI adjustment rate |
$12,656.54 |
x |
2.80% |
= |
$354.38 |
|
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|
Portion of your pension indexed to the PI adjustment rate minus 3% |
$24,159.80 |
x |
0.00% |
= |
$0.00 |
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|
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|
Portion of your pension indexed according to the most profitable between the PI adjustment rate minus 3% and 50% of the PI adjustment rate |
$12,087.53 |
x |
1.40% |
= |
$169.22 |
|
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|
Annual pension payable as at January 1, 2012 |
$48,903.87 |
|
+ |
|
$523.60 |
If you have a spouse at the time of your death, he or she will receive, until death, a surviving spouse’s pension of 50.00% of your integrated pension. If you did not have a spouse at the time of your death, the difference between the contributions you paid, with interest, and the benefits you received will be refunded to your heirs. An orphan’s pension could be payable, as the case may be.
CARRA can deduct income tax from your benefits. Contact us if you wish to change the amount of the deductions.
As of the month following your 65th birthday, your pension will be reduced because of the integration of your plan with the Québec Pension Plan (QPP).
If you are of the opinion that this decision is not in conformity with the act governing your pension plan, you can apply for reexamination. You have one year following the implementation of the reduction to do so.
You can use your identifier (9999999999) as reference number in all your contacts with CARRA.
|
Commission
administrative des régimes
418 643‑4881 (Québec
City
area) |
Web site www.carra.gouv.qc.ca |
