Archives
Returns of Certain Public-Sector Pension Plan Funds in 2019
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:
- 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 Pension Plan of Peace Officers in Correctional Services (PPPOCS) Fund;
- The Pension Plan for Federal Employees Transferred to Employment with the Gouvernement du Québec (PPFEQ) 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, 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 2019 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 $70.4 billion as at 31 December 2018 to $76.8 billion as at 31 December 2019.
RREGOP Fund — Rates of Return
2019
(1 year) | 2015 to 2019
(5 years) | 2010 to 2019
(10 years) | 2000 to 2019
(20 years) |
|---|
| 10.7% | 8.1% | 9.3% | 6.1% |
The PPMP Fund
The assets of the PPMP Fund increased from $8.0 billion as at 31 December 2018 to $9.1 billion as at 31 December 2019.
PPMP Fund — Rates of Return
2019
(1 year) | 2015 to 2019
(5 years) | 2010 to 2019
(10 years) | 2000 to 2019
(20 years) |
|---|
| 10.6% | 8.1% | 9.1% | 6.1% |
The PPEMO Fund
The assets of the PPEMO Fund increased from $270.4 million as at 31 December 2018 to $296.0 million as at 31 December 2019.
PPEMO Fund — Rates of Return
2019
(1 year) | 2015 to 2019
(5 years) | 2010 to 2019
(10 years) | 2000 to 2019
(20 years) |
|---|
| 10.4% | 8.1% | 9.3% | 6.3% |
The PPPOCS Fund
The assets of the PPPOCS Fund increased from $660.9 million as at 31 December 2018 to $723.8 million as at 31 December 2019.
PPPOCS Fund * — Rates of Return
2019
(1 year) | 2015 to 2019
(5 years) |
|---|
| 11.6% | 8.4% |
* The PPPOCS Fund was created in July 2013.
The PPFEQ Fund
The assets of the PPFEQ Fund increased from $263.6 million as at 31 December 2018 to $280.5 million as at 31 December 2019.
PPFEQ Fund — Rates of Return
2019
(1 year) | 2015 to 2019
(5 years) | 2010 to 2019
(10 years) | 2000 to 2019
(20 years) |
|---|
| 10.2% | 7.7% | 8.9% | 6.1% |
The RPCHCN Fund
The assets of the RPCHCN Fund increased from $88.8 million as at 31 December 2018 to $94.0 million as at 31 December 2019.
RPCHCN Fund — Rates of Return
2019
(1 year) | 2015 to 2019
(5 years) | 2010 to 2019
(10 years) | 2000 to 2019
(20 years) |
|---|
| 8.4% | 6.5% | 8.0% | 5.6% |