Since 8 August 2024, the contribution rate to the
PPEMO has decreased from 5.26% to 4.81% for elected municipal officials, and from 17.73% to 16.21% for municipalities, retroactive to 1 January 2024.
This change results from the coming into force of a
regulatory amendment (French only) following the improvement in the plan's financial situation noted in the actuarial valuation of the
PPEMO as at 31 December 2021
An actuarial valuation of the
PPEMO must be presented to the pension committee every three years. The valuation aims to study the plan's financial health and, at the same time, to determine the contribution rates of members and municipalities. The adustment is made based on the
PPEMO's funding policy in order to ensure the security of benefits and the stability of contributions.
We wish to specify that the
PPEMO had 1973 active members as at 31 December 2021.