In 2010, the QPIP paid out 1 705 millions dollars in benefits. The following tables present the distribution of the benefit amounts paid, depending on the type of benefits and the sex of recipients (PDF, 14 KB)
In 2010, fees paid to the QPIP totalled 1 621 millions dollars.
The bureau de l’actuaire en chef does a regular follow-up of benefits paid under the Plan and must submit an actuarial valuation of the Plan annually. The first actuarial assessment on December 31, 2006 was tabled before the Assemblée nationale at the end of 2007.
QPIP cost estimates are based on hypotheses regarding various factors that may have varying degrees of financial impact. When setting premium rates, anticipated QPIP disbursements and premiums—which are largely based on economic conditions—must be taken into account. The main factors of variability considered are the following:
With regard to recipient behaviour, the hypotheses formulated thus far have mainly been based on the experience of the maternity, parental, and adoption benefits of the federal employment insurance plan, given that the QPIP has only just recently been introduced.
Tools have been created to periodically monitor the financial situation.
The QPIP’s financial position and growth must be closely monitored to ensure it continues to meet Quebecers’ needs while complying with basic funding guidelines. Examples of funding monitoring tools:
Note: The information contained on this website cannot be used for legal interpretation purposes and does not replace the provisions of the relevant statutes and regulations.