At the beginning of each year, the Desjardins Group Pension Plan indexes retirees annuities to reduce the effects of inflation. It adjusts the annuity based on the increase in the annuity index established under the Quebec Pension Plan (QPP) or the Canada Pension Plan (CPP). The Pension index established by the QPP or the CPP is based on the average of the Consumer Price Index in Canada for each month over the course of the 12 month period ending on October 31 of the previous year.
For service before 2013: The vested benefit will be indexed at the
beginning of each year, with a maximum of 3% per year.
For service after 2012: The
vested benefit will be indexed at the beginning of each year after you reach
age 65, or at the beginning of the year following retirement if you retired
after age 65, with a maximum of 1% per year, for a defined period of 10 years.
A pro rata applies to the first and last year of indexing.
The table below presents the rates for five years, including the year currently under way.
Rate Table since the creation of Desjardins Group Pension Plan in 1979
(pdf - 10 ko)