iAtoday

As of January 1, 2024, changes will be made to the Quebec Pension Plan (QPP). These changes aim to increase the financial security of the population, and also to encourage people aged 65 and over to remain in the workforce.

Maximum retirement pension age raised from 70 to 72

As of January 1, 2024, a person will be able to apply for a retirement pension no later than age 72. This will give them a higher pension than they would have received at age 70. This deferral allows them to benefit from a higher income, paid for life and indexed annually to the cost of living.

End of contributions for those already receiving their retirement pension

As of January 1, 2024, workers aged 65 or over who are already receiving their retirement pension will be able to stop contributing to the QPP. If a person chooses to stop contributing, their employer’s contributions will also cease. On January 1 of each year, workers who have reached age 72 at the end of the previous year will automatically stop contributing to the QPP.

New calculation to protect pensions after age 65

As of January 1, 2024, to encourage workers aged 65 and over to continue working part-time, low earnings after age 65 will no longer reduce the retirement pension.

Find out more about these changes