Archives
Returns of Certain Public-Sector Pension Plan Funds in 2020
The
Caisse de dépôt et placement du Québec (CDPQ) is responsible for investing the assets of the following 6 funds according to the investment policy for each fund:
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The Government and Public Employees Retirement Plan (RREGOP) Fund;
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The Pension Plan of Management Personnel (PPMP) Fund;
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The Pension Plan of Elected Municipal Officers (PPEMO) Fund;
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The Pension Plan of Peace Officers in Correctional Services (PPPOCS) Fund;
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The Pension Plan for Federal Employees Transferred to Employment with the Gouvernement du Québec (PPFEQ) Fund;
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The Retirement Plan for Active Members of the
Centre hospitalier Côte-des-Neiges (RPCHCN) Fund.
Each fund is managed under an investment policy that sets return goals and risk limits. The investment policies of the
RREGOP,
PPMP,
PPEMO and
PPPOCS funds are established jointly by the pension committee for each fund and the
CDPQ. The investment policies of the
PPFEQ Fund and the
RPCHCN Fund are established by Retraite Québec.
It is important that the funds be diversified to ensure they comply with the objectives of each investment policy. To that end, the funds' assets are allocated into a number of separate categories, including bonds, publicly traded shares, private equity, infrastructure and real estate.
The choice of asset categories and their weighting in each fund explain the difference in annual returns for the 6 funds.
The changes in assets and the average annual return for various periods are shown below for each of the 6 funds.
Pension committee members will discuss 2020 results in the coming weeks. They may issue comments on the matter.
The
RREGOP Fund
Additional information:
Returns of RREGOP 
The assets of the
RREGOP Fund increased from $76.8 billion as at 31 December 2019 to $82.4 billion as at 31 December 2020.
RREGOP Fund — Rates of Return
2020
(1 year) | 2016 to 2020
(5 years) | 2011 to 2020
(10 years) | 2001 to 2020
(20 years) |
|---|
| 9.0% | 8.1% | 8.8% | 6.2% |
The
PPMP Fund
The assets of the
PPMP Fund increased from $9.1 billion as at 31 December 2019 to $10.1 billion as at 31 December 2020.
PPMP Fund — Rates of Return
2020
(1 year) | 2016 to 2020
(5 years) | 2011 to 2020
(10 years) | 2001 to 2020
(20 years) |
|---|
| 8.4% | 7.8% | 8.6% | 6.1% |
The
PPEMO Fund
The assets of the
PPEMO Fund increased from $296 million as at 31 December 2019 to $316 million as at 31 December 2020.
PPEMO Fund — Rates of Return
2020
(1 year) | 2016 to 2020
(5 years) | 2011 to 2020
(10 years) | 2001 to 2020
(20 years) |
|---|
| 7.4% | 7.8% | 8.7% | 6.3% |
The
PPPOCS Fund
The assets of the
PPPOCS Fund increased from $724 million as at 31 December 2019 to $778 million as at 31 December 2020.
PPPOCS Fund * — Rates of Return
2020
(1 year) | 2016 to 2020
(5 years) |
|---|
| 9.9% | 8.6% |
* The PPPOCS Fund was created in July 2013.
The
PPFEQ Fund
The assets of the
PPFEQ Fund increased from $280 million as at 31 December 2019 to $289 million as at 31 December 2020.
PPFEQ Fund — Rates of Return
2020
(1 year) | 2016 to 2020
(5 years) | 2011 to 2020
(10 years) | 2001 to 2020
(20 years) |
|---|
| 7.0% | 7.3% | 8.3% | 6.0% |
The
RPCHCN Fund
The assets of the
RPCHCN Fund increased from $94 million as at 31 December 2019 to $98 million as at 31 December 2020.
RPCHCN Fund — Rates of Return
2020
(1 year) | 2016 to 2020
(5 years) | 2011 to 2020
(10 years) | 2001 to 2020
(20 years) |
|---|
| 7.1% | 6.3% | 7.4% | 5.6% |