Archives
Returns of Certain Public-Sector Pension Plan Funds in 2016
The Caisse de dépôt et placement du Québec (CDPQ) is responsible for investing the assets of the following 5 funds according to the investment policy for each fund:
-
The Government and Public Employees Retirement Plan (RREGOP) Fund;
-
The Pension Plan of Management Personnel (PPMP) Fund;
-
The Pension Plan of Elected Municipal Officers (PPEMO) Fund;
-
The Special Plans Fund;
-
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 and PPEMO funds are established jointly by the pension committee for each fund and the CDPQ. The investment policies of the Special Plans Fund and the RPCHCN Fund — which consist mainly of the assets of the Pension Plan for Federal Employees Transferred to Employment with the Gouvernement du Québec (PPFEQ) — 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 5 funds.
The changes in assets and the average annual return for various periods are shown below for each of the 5 funds.
The RREGOP Fund
Additional information:
Returns of RREGOP 
The asset of the RREGOP Fund increased from $59.9 billion as at December 31, 2015 to $63.6 billion as at December 31, 2016.
RREGOP Fund — Rates of Return
2016
(1 year) | 2013 to 2016
(4 years) | 2012 to 2016
(5 years) | 2007 to 2016
(10 years) | 1997 to 2016
(20 years) |
|---|
| 7,6% | 10,6% | 10,4% | 5,3% | 6,9% |
The PPMP Fund
The asset of the PPMP Fund increased from $10.4 billion as at December 31, 2015 to $11.0 billion as at December 31, 2016.
PPMP Fund — Rates of Return
2016
(1 year) | 2013 to 2016
(4 years) | 2012 to 2016
(5 years) | 2007 to 2016
(10 years) | 1997 to 2016
(20 years) |
|---|
| 7,1% | 10,2% | 10,0% | 5,3% | 6,8% |
The PPEMO Fund
The asset of the PPEMO Fund increased from $229.5 million as at December 31, 2015 to $245.2 million as at December 31, 2016.
PPEMO Fund — Rates of Return
2016
(1 year) | 2013 to 2016
(4 years) | 2012 to 2016
(5 years) | 2007 to 2016
(10 years) | 1997 to 2016
(20 years) |
|---|
| 7,8% | 10,8% | 10,6% | 5,4% | 7,0% |
The Special Plans Fund
The asset of the Special Plans Fund increased from $240.5 million as at December 31, 2015 to $249.7 million as at December 31, 2016.
Special Plans Fund — Rates of Return
2016
(1 year) | 2013 to 2016
(4 years) | 2012 to 2016
(5 years) | 2007 to 2016
(10 years) | 1997 to 2016
(20 years) |
|---|
| 7,0% | 10,1% | 9,9% | 5,1% | 6,7% |
The RPCHCN Fund
The asset of the RPCHCN Fund increased from $81.7 million as at December 31, 2015 to $84.0 million as at December 31, 2016.
RPCHCN Fund — Rates of Return
2016
(1 year) | 2013 to 2016
(4 years) | 2012 to 2016
(5 years) | 2007 to 2016
(10 years) | 1997 to 2016
(20 years) |
|---|
| 5,8% | 8,8% | 8,8% | 4,7% | 6,4% |