Pension Plan

Please note that QPP historical monthly and year-to-date net returns (after fees) will no longer be updated after June 30, 2021, as the University Pension Plan (UPP) has formally assumed responsibility for administering the pensions and investing the assets of its predecessor plan. Due to the complexity of the consolidated fund return calculation on and after July 1, 2021, UPP will publish the annual fund return each year in its annual report and financial statements. Increases to pensions in pay will continue to be communicated in the fall each year.

For more information, please visit the Human Resources Pension Services page.

Pension Plan Fund rate 13.95% through June 2021

Global equity markets continued to post solid gains in June, resulting in another positive return of 1.83% (net of fees) for the month. Overall performance however was mixed – returns were 39 basis points (0.39%) below the Fund’s benchmark return for the month but 592 basis points (5.92%) above benchmark for the 12-month period ending June 30, 2021.

The net return after the final ten months of the 2020-21 plan year – and prior to the conversion to the UPP effective July 1st – is 13.9492% (September 1, 2020 through June 30, 2021). Note that the current investment return is used to determine final values for members who decide to initiate pension benefit payments as well as for those who elect to transfer their account balances following termination or retirement (active and deferred member balances are updated once each year based on the fund rate of return following the end of the plan fiscal year).


Archived Plan Information

Historical Annual Returns (before fees)

Year Mar-31 Jun-30 Sep-30 Dec-31
2021 26.2% 19.8%    
2020 -4.6% 3.7% 6.3% 10.5%
2019 4.8% 3.7% 4.0% 13.9%
2018 6.5% 8.1% 7.4% -2.5%
2017 13.2% 11.7% 8.3% 10.4%
2016 0.0% 2.5% 11.8% 9.8%
2015 10.4% 6.9% 2.6% 5.2%
2014 16.5% 19.0% 14.3% 8.5%
2013 11.4% 14.3% 15.2% 19.4%
2012 1.7% 0.2% 11.9% 10.5%
2011 10.8% 15.0% -0.4% -0.9%
2010 25.1% 9.5% 8.5% 10.3%
2009 -20.7% -13.0% 4.6% 18.6%
2008 -2.2% -4.5% -14.2% -21.2%
2007 12.1% 17.7% 12.7% 3.7%
2006 15.3% 8.8% 9.1% 14.7%

Archive of Monthly Reports