A Glimpse of the PPEMO 2023

Find all the answers to your questions regarding your pension plan.

Would you like to know more about your pension plan or are you wondering about specific aspects of it? Consult the Pension Plan of Elected Municipal Officers (PPEMO) electronic newsletter (French only) on Retraite Québec's website.

You will find answers to many questions, such as:

• How can you find out the details of your membership to the PPEMO? How is your pension calculated?
• When can you benefit from your pension and under what conditions? How is your pension indexed?
• What are your rights when you stop participating in the PPEMO?
• How is partition carried out in the event of the breakdown of relationship?
• And much more.

When your term has ended and that you would like to retire, go to the Payment of the pension section of the PPEMO electronic newsletter(French only). You will find the Application for a Retirement Pension and all the information needed to send your application, that is, the form and the information on the reply form, which will be deposited in My Account so that you can apply for your retirement pension when the time comes.

You can also watch the PPEMO animated video clip (French only) on YouTube. It presents a 30‑minute overview of the plan's provisions.

Returns for the PPEMO fund in 2022

The Pension Plan of Elected Municipal Officers' fund generated a -4.7% return in 2022. The fund is invested with the Caisse de dépôt et placement du Québec (CDPQ), in fixed-income investments, in the Public equity portfolio, the Real Estate portfolio, the Infrastructure portfolio and the Private equity portfolio. The weight of each of these portfolios is indicated in the PPEMO investment policy, which is established jointly by the PPEMO pension committee and the CDPQ.

The year 2022 was marked by a sharp decline in stock markets and fixed-income investments. As a result, the returns on fixed income securities and the return of the Public equity portfolio were -15.1% and -11.3% respectively. However, the Real estate portfolio, the Infrastructure portfolio and the Private equity portfolio played their diversifying role by generating returns of 12.4%, 11.5% and 2.8% respectively.

Over the past ten years, the PPEMO fund has increased by $160M. It increased from $173M as at 31 December 2012 to $333M as at 31 December 2022. During this ten-year period, the average annual return of the PPEMO fund was 8.2%, whereas it was 6.0% over the past five years.

In recent years, the pension committee worked to improve the risk/return profile of the PPEMO fund, in collaboration with the CDPQ. This notably resulted in an increase in the portion of the PPEMO fund in infrastructures and private investments. This diversification has made the PPEMO fund more stable and less sensitive to stock market declines.

Returns for the PPEMO fund from 2013 to 2022
(percentage)

Evolution of the value of the PPEMO fund as at 31 December
(billions of dollars)

Actuarial valuation of the PPEMO as at 31 December 2021

Every 3 years, an actuarial valuation of the PPEMO is presented to the pension committee. This valuation allows to determine whether the contribution rate is sufficient to ensure financial security, taking into account the benefits accrued by members of the plan and the payment of administration fees.

The actuarial valuation of the PPEMO as at 31 December 2021 will therefore show the plan's financial situation by comparing the plan's assets invested with the CDPQ and the value of the plan's obligations (actuarial liabilities) towards its members: active, retired and beneficiaries. It will be deposited during the summer.

My Account: updated to make your life easier

Did you know that Retraite Québec has released a new version of My Account? Discover this intuitive and safe web environment that offers even more practical features. All these improvements are bearing fruit. In fact, over 2.7 million visits were made to My Account over the past year. This represents an increase of 34% over the previous year.

The main changes

• Visual cues make navigation easier and draw your attention to the new elements and actions that may be required from you.
• When applying for a pension under a public-sector pension plan, you can complete the Your Options reply form online and track the status of your application.
• You can also file your application for a retirement pension under the Québec Pension Plan and track its status.
• It is also possible to see the breakdown of the monthly payments of your pension under a public-sector pension plan. This information now replaces the Statement of Deposits that you received each year.

A digital space connected to your needs

My Account brings everything together in one place. In addition to information on the PPEMO and the Québec Pension Plan, you will have access to information about the Family Allowance.

It is to your advantage to use My Account to:

• consult your personal information and documents, safely and at any time;
• keep abreast of the changes made to your file;
• file your applications online and track them with email or text notifications.

Properly plan your retirement

Each year, your Statement of Participation under the PPEMO is uploaded to My Account. It is an essential document for the financial planning of your retirement. The data it contains will allow you to use tools such as CompuPension and SimulR, which can help you make informed choices regarding your projects.

If you are retired, you will find your income tax slips and your annual Statement of Benefits. We wish to remind you that, as of December 2024, the Statement of Benefits will not longer be automatically sent by mail. If you would like to receive your documents by mail, you can choose that communication preference in My Account or you can ask by contacting our client services.

Go digital

By choosing the 100% digital option, you will not miss anything thanks to notifications. You will receive them by email or text message when a document is uploaded to your file or when your applications go through the various stages of the application process.

At Retraite Québec, the digital option is practical, safe and essential. Try My Account and you will like it!

Log in to My Account

Members of the PPEMO pension committee