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Plans concerned: The RREGOP and the PPMP
Here are answers to questions often asked by people who previously worked for an employer in the public or parapublic sector, but were not participating in a pension plan at the time.
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Yes. Membership in the pension plan is an integral part of your working conditions.
No. Your employer will provide us with all the information regarding your membership in the plan. Your employer will also collect your contributions to the pension plan on our behalf.
Yes. You will contribute to your pension plan until you have accumulated the maximum service (40 years as at 31 December 2018), without taking into account the years during which you acquired a pension credit or a paid‑up annuity.
Note that, even if you did not accumulate the maximum service, you can no longer contribute to your pension plan after 30 December of the year in which you turn 69 if you participate in the RREGOP, or 71 if you participate in the PPMP.
For more information on your membership under your public-sector pension plan, consult your personalized Statement of Participation with My Account. This simple tool helps you plan your retirement.
Your statement summarizes your public-sector pension plan participation using the most recent participation data provided by your employer. The data provided is for the period until 31 December of the year indicated on your Statement. In addition, it shows you the benefits to which you could be entitled when you retire or your employment ends.
Your statement also informs you of your rights and benefits regarding your participation in a public-sector pension plan, such as the days of absence that you can buy back. That information makes it possible for you to assess how a buy-back of your days of absence will affect your pension and when you retire using the Buy-Back Cost Estimator tool.
You will need your statement:
The Statement of Contributions contains the history of your participation data. You need to request it by filling out the form Application for a Statement of Contributions (008A).
Yes. Your following periods of service can be credited through a buy-back, depending on your work sector as a casual employee:
You must send the form entitled Application for a buy-back of one or more periods of work (RSP-727A-WRK) to Retraite Québec, along with the required supporting documents, if any, while you are still a member of your pension plan.
If you have questions regarding your situation, you can contact:
Once Retraite Québec receives your buy-back application, we will contact your current employer and the employer or employers concerned by the periods to be bought back in order to obtain all the information required to process your application.
If the study of your file shows that the periods can indeed be bought back, we will send you a buy-back proposal, which you are free to accept, in whole or in part, or reject. The proposal will indicate the cost and the payment terms of the buy-back, and will be valid for 60 days.
Please note that if we do not receive your acceptance of buy-back proposal within 60 days from the date of the proposal, your buy-back application will be considered to never have been made.
Yes. Your retirement pension is calculated on the basis of the number of years of service credited to your account at the time of your retirement. Therefore, if you are entitled to buy back certain periods of service, you could have them credited to your pension plan. This would increase the amount of your pension. It is important for you to know that only the buy-back of certain periods of service can allow you to retire earlier.
Yes. In the case of a buy-back of service accrued as a casual employee, the years that you bought back are used both to determine your eligibility for benefits and calculate the amount of those benefits.
The cost of a buy-back is determined on the basis of your annual pensionable salary as a casual employee on the date we receive the fully completed buy-back application. A percentage that varies according to your age, the period being bought back and the pension plan of which you are a member at the time we receive your application is applied to the salary.
You can quickly and easily obtain the approximate cost of the buy-back you are considering using the following tool:
Use the following tool to estimate the cost of the buy-back you are considering: |
To apply for a buy-back, send us the form entitled Application for a buy-back of one or more periods |
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Last update: 2017-10-05