I am from outside Desjardins Group

The Desjardins Group Pension Plan (DGPP) is a defined benefit pension plan. Its objective is to provide you with a retirement income based on your​ credited years of service in the Plan and your average earnings over your eight best-paid years (Salary8).

How will your pension be calculated? 

Pension calculation					​	​​Pension ​payable
Years of service	​	​Pension credit​1	​	Average salary	​	​
Credited years	​X	1.5% / 2%	​X	​Best 8 years	=​	​DG pension payable at age 652​

¹ The pension credit provides a percentage of 1.5% of the average salary up to average maximum pensionable earnings (MPE5)​ and 2% of average salary exceeding average MPE5.
² This is on top of the QPP/CPP pension. The DGPP pension payable connot be greater than the maximum for tax purposes​

Plan eligibility criteria (Reference: DGPP Regulation, Section 4-2)

Age

• • Employee aged from 25 up to 65 years old: mandatory membership
• • Employee under the age of 25 or 65 and over: optional membership 

Employment status

• • Full-time and part-time employees (14 hours or more per week): immediate membership.
• • Part-time employees at less than 14 hours per week: membership starting the following January 1, if the employee was employed by one or more Desjardins Group employers at least 700 hours or if he or she has received remuneration of at least 35% of the yearly maximum pensionable earnings (YMPE) during the previous calendar year; the employer, at that point, then communicates with the employee. 

Employees assume 35% of the cost of the plan while the employer undertakes 65%.

The current contribution rate is:

5.90% on pensionable earnings up to 65% MPE + 9.30% on exceeding amount.

*MPE: Maximum Pensionable Earnings at QPP or CPP
The MPE is revised on a yearly basis.

Contribution examples:

Salary	2024​​ Annual employee contributions (MPE 2024 = $68,500)
$30,000	$1,770
$40,000	$2,360
$50,000	$3,136
$60,000	$4,066
$80,000	$5,926
$100,000	$7,786
$120,000	$9,646
$140,000	$11,506
$197,625 *​	​ ​$16,865

​ *Maximum contributory salary, which varies from year to year.

The Desjardins Group Pension Plan (DGPP) is a defined benefit pension plan. Its objective is to provide you with a retirement income based on your credited years of service in the Plan and your average earnings. For the years of​ service up to December 29, 2012, your pension benefit will be determined based on your five best-paid years (Salary5). For your service as of December 30, 2012, your pension benefit will be determined based on your eight best-paid years (Salary8). 

How will your pension be calculated?

​​​	Pension calculation					​ ​Pension payable
​	Years of service​	​	​Pension credit1	​	Average salary	​	​(Sum of​ 3 periodes)
​​ ​Before 2009​	​Credited years	​X	​1.3% / 2%	​X	5 best years	​=	​ ​DG pension payable at age 65 (A)
​2009 to 2012	​​Credited years​	​X	​1.5% / 2%	​X	​5 best years	​=	​​DG pension payable at age 65​ (B)
Starting 2013	​​Credited years​	​X	​1.5% / 2%	​X	Best 8 years	​=	​ ​​DG pension payable at age 65 ​(C)
Total pension paid by the plan, on top of QPP/CPP pension :						​	​A+B+C2

¹ The pension credit gives a percentage (1.3% or 1.5%) of average salary up to average maximum pensionable earnings (MPE5) and 2% of average salary exceeding average MPE5.
² The DGPP pension payable cannot be greater than the maximum for tax purposes

Employees assume 35% of the cost of the plan while the employer undertakes 65%.

The current contribution rate is:
5.90% on pensionable earnings up to 65% MPE + 9.30% on exceeding amount.

*MPE: Maximum Pensionable Earnings at QPP or CPP
The MPE is revised on a yearly basis.

Contribution examples:

Salary	2024​​ Annual employee contributions (MPE 2024 = $68,500)
$30,000	$1,770
$40,000	$2,360
$50,000	$3,136
$60,000	$4,066
$80,000	$5,926
$100,000	$7,786
$120,000	$9,646
$140,000	$11,506
$197,625 *​	​ ​$16,865

​ *Maximum contributory salary, which varies from year to year.

You have already worked for a Desjardins Group employer in the past and were a Desjardins Group Pension Plan member. You have now returned to a Desjardins employer and will re-join the DGPP.

One of the following will apply to your situation:

• • When you left Desjardins, you transferred the value of your entitlements into a locked-in retirement account or into your new employer’s pension plan.
• • When you left Desjardins, you chose a deferred pension, i.e. to leave your entitlements in the DGPP. The DGPP will take this into account in your new membership, but only if you become a member again within 6 months following the end of your active membership date shown on the termination statement (more than 90 days if the termination was prior to January 1, 2020). Otherwise, you will be considered as a new DGPP participant. Hence, your credited service and salaries in your second participation will not be considered in the calculation of your pension from your previous participation and vice-versa.  

The Desjardins Group Pension Plan (DGPP) is a defined benefit pension plan. Its objective is to provide you with a retirement income calculated based on your credited years of service in the Plan and your average earnings over your eight best-paid years (Salary8).  

How will your pension be calculated? 

Pension calculation					​	​​Pension ​payable
Years of service	​	​Pension credit​1	​	Average salary	​	​
Credited years	​X	1.5% / 2%	​X	​Best 8 years	=​	​DG pension payable at age 652​

¹ The pension credit provides a percentage of 1.5% of the average salary up to average maximum pensionable earnings (MPE5) and 2% of average salary exceeding average MPE5. ² This is on top of the QPP/CPP pension. The DGPP pension payable connot be greater than the maximum for tax purposes.​

Plan eligibility criteria (Reference: DGPP Regulation, Section 4-2)​

Age

• • Employee aged from 25 up to 65 years old: mandatory membership
• • Employee under the age of 25 or 65 and over: optional membership 

Employment status

• • Full-time and part-time employees (14 hours or more per week): immediate membership.
• • Part-time employees at less than 14 hours per week: membership starting the following January 1, if the employee was employed by one or more Desjardins Group employers at least 700 hours or if he or she has received remuneration of at least 35% of the yearly maximum pensionable earnings (YMPE) during the previous calendar year; the employer, at that point, then communicates with the employee. 

Employees assume 35% of the cost of the plan while the employer undertakes 65%.

The current contribution rate is:

5.90% on pensionable earnings up to 65% MPE + 9.30% on exceeding amount.

*MPE: Maximum Pensionable Earnings at QPP or CPP
The MPE is revised on a yearly basis.

Contribution examples:

Salary	2024​​ Annual employee contributions (MPE 2024 = $68,500)
$30,000	$1,770
$40,000	$2,360
$50,000	$3,136
$60,000	$4,066
$80,000	$5,926
$100,000	$7,786
$120,000	$9,646
$140,000	$11,506
$197,625 *​	​ ​$16,865