Pensions increased by 6.5% in Quebec in 2023

More than 2.2 million Quebecers who are beneficiaries of the Quebec Pension Plan (QPP) will see their pension increase by 6.5% starting next January.

As provided by law, these pensions are indexed each year according to the average of the consumer price index (CPI) published by Statistics Canada.

This adjustment, carried out each year, protects pensions once morest the risk of inflation, which has affected Québec for several months.

The people who are affected by these changes are those who receive retirement, surviving spouse, invalidity, disabled child and orphan pensions.

A Quebecer must, however, have contributed sufficiently to the Québec Pension Plan in order to benefit from these benefits.

Share:

Facebook
Twitter
Pinterest
LinkedIn

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.