Pension increase of 2.6 per cent in January: Retraite Québec

A number of pensions will increase by 2.6 per cent as of January, Retraite Québec announced on Friday.

A total of 2.2 million people will benefit from the changes.

The increase affects retirement, disability, surviving spouse, the child of a disabled person and the pensions of orphans.

For example, the retirement pension paid at age 65, currently $682 per month, will rise to $700 per month next January.

The retirement pension paid at age 72, currently $1,083, will rise to $1,111 per month in 2025.

And those claiming their retirement pension as early as age 60 will see it rise from $457 a month to $469.

Retraite Québec points out that the pensions paid by the Quebec Pension Plan are indexed in January of each year, according to the rate determined by the Consumer Price Index.

–This report by La Presse Canadienne was translated by CityNews