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Statement of participation to a Public Sector Pension Plan

 

 

The statement: its advantages


The statement of participation:

  • Describes in detail participation in a public sector pension plan ending on December 31 of the year in question in the document;
  • Informs about benefits to which a member of one of our public sector pension plans is entitled upon his retirement or end of employment.

It constitutes an invaluable tool in the planning of your retirement.

 

Informative contents

  • The statement provides helpful information to support decisions related to pension benefits from a public sector pension plan:
    • In the "Estimate of Benefits" section, the estimate of the pension without reduction until age 65 and the pension without reduction as of age 65 are given in dollars rather than as a percentage of the salary.
    • In the "Retirement Pension" section, details are provided about the annual pension estimate until age 65 and as of age 65.
  • More detailed information is provided in the various sections of the statement.
  • Informative sections are included, in particular:
    • "Indexation of your Pension",
    • "Other Retirement Income",
    • "In the Event of Death",
    • "In the Event of End of Employment".
  • Section "Participation Data in 20XX" describes the information provided by each employer.

 

And more…

  • The statement serves as a reference document.
  • An explanatory leaflet is sent with the statement.

 

Example of a statement


To make it easier to understand, an example of the statement of participation is provided. It shows all possible sections of a complete statement. Expressions in blue are clickable to obtain more information.

Example of a statement.

 

You can also read the explanatory leaflet accompanying your statement to get more information.

 

Frequently asked questions


The following addresses questions you may have concerning your statement.

1. When will the next statements be mailed?

Public-sector pension plan

Mailing date

Pension Plan of the Members of the National Assembly (PPMNA)

March 2018 

Government and Public Employees Retirement Plan (RREGOP)

  • Education Sector
     
  • Health and Social Services Sectors
     
  • Public Service


April 2018 

April 2018

May 2018

Pension Plan of Management Personnel (PPMP)

May 2018

Pension Plan of the Judges of the Court of Québec and of Certain Municipal Courts (PPJCQM)

Pension Plan of Certain Judges Appointed Before 1 January 2001 (PPCJBJ)

April 2018 

Superannuation Plan for the Members of the Sûreté du Québec (SPMSQ)

May 2018 

Pension Plan of Peace Officers in Correctional Services (PPPOCS)

June 2018 

Pension Plan of Elected Municipal Officer (PPEMO)

September 2018 

Retirement Plan for Senior Officials (RPSO)

October 2018 

2. Why have I not yet received my statement?

For some members, we do not send a statement because the information is not available.

Here are situations where members will not receive a statement:

  • Member was active on December 31 of the year of the statement but is now retired;
  • Member has an application being processed;
  • Member is 69 years of age or more or is on gradual retirement;
  • Member was active on December 31 of the year of the statement but had another status when the statement was finalized;

3. Why did I receive a statement for 2016 in 2018?

The information on your statement comes from data provided by your employer in his annual report. At the time the statements were finalized, employer reports for 2017 had not been completely validated.

4. Why is there no estimate of benefits in my statement?

In order to file a Statement of Participation, the data relating to your participation in your pension plan must be verified. Verification allows us to ensure that the information registered in your file is correct.

We have sent you a condensed version of the statement, which shows your participation data for the year covered by the statement, and indicates the accumulated service recognized for the purposes of eligibility for your retirement pension and calculation of the pension. It also shows the sum of the contributions made, with interest, to your pension plan as at December 31 of the year covered by the statement.

If you want an estimate of your pension, you may use the Pension Estimator This link will open in a new window. tool.

5. If I notice mistakes in my statement, whom do I contact?

As the information is provided by your employer, you must contact him to have any mistake corrected.

6. Why does the service credited for one year, as shown on my statement of participation, not always correspond to the entire year?

If your credited service is less than one year, it usually means that you did not work full time for the entire year. There may be other reasons for the slight difference. Contact us This link will open in a new window. for further information.

7. What is the identification number?

The identification number is a personal number we use to ensure confidentiality. The social insurance number can no longer be used to identify clients because it is confidential.

8. What must I do if the date of birth on my statement is wrong?

You must send us a request for modification of your date of birth. Enclose a photocopy of a document issued by the Directeur de l’état civil or a photocopy of a valid Canadian passport or a photocopy of two distinct documents with matching dates of birth (day, month, year).

Even if a document has already been certified by the Régie de l’assurance maladie du Québec (RAMQ) or our organization, or in case of doubt as to the authenticity of the proof documents, we may, at any time, require the original document or a certified copy to confirm its content.

9. What is the difference between the annual basic salary and the pensionable salary?

The annual basic salary is the salary range provided for in the employment contract or in the collective agreement. It is paid to a member participating in a plan during a calendar year and established on December 31 of the year of the statement. The pensionable salary is the member's salary less certain amounts deemed ineligible for pension plan purposes (overtime, for example).

10. What is the difference between service for eligibility purposes and service for calculation purposes?

The service for eligibility purposes is the service used to establish your eligibility to a pension. The service for calculation purposes is the service used to calculate the amount of the pension to which you will be entitled when you retire.

11. Can the statement help me prepare for my retirement?

Yes. The percentage or income replacement rate helps in evaluating if the estimated annual pension will cover your needs. A rate of 70% is usually sufficient.

To learn more, you can also consult the Retirement Planning Information Session and the calculator Pension Estimator This link will open in a new window..

12. Can I retire at a date other than the one appearing on the statement?

Yes. You can retire at another date. The date on your statement corresponds to the date on which you will be eligible for a retirement pension without reduction or with reduction.

13. Is the amount appearing in the statement the amount I will receive upon retirement?

No. It is an estimate calculated as accurately as possible as at December 31 of the year of your statement. Events taking place afterward could alter this estimate.

14. What are the life events that can increase or lower significantly the annual pension estimate?

These events are, among others: salary variations, changes in the percentage of time worked, absences without pay, buy-backs.

15. Have you taken into account future salary increases in my annual pension estimate?

No. We used the annual basic salary corresponding to the salary range of your employment as at December 31 of the year of your statement, adjusted if necessary.

16. Why have certain amounts in the statement been rounded to the nearest one hundred dollars?

Certain amounts have been rounded down to the nearest hundred dollars because they are estimates.

17. Why does my statement show two positions for the same employer?

The information shown is supplied by your employer and is based on the positions you held. For further information, you must contact the employer.

18. Are all contribution overpayments reimbursed?

No. Contribution overpayments of $50 or less, per pension plan, are not reimbursed. It is a regulatory rule.

19. How is interest calculated on my contributions?

Compounded interest is calculated according to valid rates for different periods of the year covered by the statement, in proportion to each of these periods. The interest rate of the plan can vary during a same year. A capital is invested with compounded interest when the interests of each period are capitalized to gradually increase and in turn, bear interest.

20. What is the impact of a negative interest rate, where this is the case, on the eventual amount of my pension?

It has no impact on the amount of your pension since the calculation is based on a set formula and not on your total contributions and the interests accrued on them. However, a negative interest rate affects that total since during the period when the interest rate is negative, no interest is accrued on your contributions.

21. Should I keep previous statements?

The statement gives your total participation as at December 31 of the year covered by the statement. It does not give a history of the annual participation data. Thus, it is good practice to keep your previous statements since that enables you to follow your participation year after year.