The QPP allows women to exclude the periods during which they were at home in charge of a child under 7 years of age from the formula used to calculate pensions. Women in this category would be eligible for higher pensions under the QPP than under the CPP.
QPP funds are deposited with the CAISSE DE DÉPOT ET PLACEMENT DU QUÉBEC (CDP). In 2003, the QPP had total assets of $20.4 billion, of which $20.1 billion were placed with the CDP. The CDP in turn reports that in 2003 its investments, which include funds from a number of other retirement plans and employee funds, were divided as follows: bonds and other fixed income securities (37.5%); Canadian equities (17.5%); foreign equities (25.2%); real estate (8.7%); and other investments (11.1%).
Author A. ASIMAKOPULOS Rev: SASHA YUSUFALI
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Régie des rentes du Québec
The Régie des rentes du Québec is responsible for applying the Act respecting the Québec Pension Plan, the Supplemental Pension Plans Act and administering the family benefits program.