Human Resources

Human Resources

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Queen's Pension Plan - Net Returns through August 31, 2019

    Annual Investment
Rate of Return (Net)
Post Retirement
Pension Increases1
August 31 1980 14.5739%  
  1981 5.6775% 7.6488%
  1982 12.1482% 6.2771%
  1983 30.1964% 9.6422%
  1984 11.3347% 8.8324%
  1985 26.5001% 14.0381%
  1986 24.2307% 17.0587%
  1987 12.8489% 12.7286%
  1988 -2.9901% 9.1474%
  1989 18.5258% 7.1538%
  1990 -0.9370% .08619%
  1991 13.3879% 0.9967%
  1992 10.3422% 4.3297%
  1993 14.1225% 3.2289%
  1994 4.9665% 4.7048%
  1995 8.4015% 3.4582%
  1996 14.0025% 4.3733%
  1997 22.9087% 6.5698%
  1998 -1.2616% 5.0128%
  1999 13.7230% 6.3432%
  2000 20.6702% 8.010%
  2001 -5.4150% 0.9292%
  2002 -1.9468% 0.7579%
  2003 9.0606% 0.00%2
  2004 11.6921% 0.00%2
  2005 17.8866% 0.00%2
  2006 8.9472% 5.8%3
  2007 11.7023% 6.5%3
  2008 -4.3700% 2.2%3
  2009 -7.8877% 0.00%2
  2010 6.8470% 0.00% 2
  2011 6.3370% 0.00% 2
  2012 5.5286% 0.00%2
  2013 14.5535% 2.26%3
  2014 17.7093% 4.91%3
  2015 2.7682% 3.9669%3
  2016 7.9222% 4.5852%3
  2017 7.4568% 2.8312%3
  2018 8.6114% 0.6644%3
  2019 2.3286% 0.5502%3

Average returns over various periods ending August 31, 2019 are as follows:

5 years: 5.8%
10 years: 7.9%
15 years: 6.9%
20 years: 6.7%
25 years: 7.6%
30 years: 7.7%
35 years: 8.8%
40 years: 9.5%

1 Retired members of the Queen’s Pension Plan continue to benefit from the Fund’s rate of return. Any adjustment will be effective September 1 after a member has been retired for at least 12 months and annually thereafter. The calculation is based on net investment returns over the most recent four- or six-year period (depending on the year of retirement) less the 6% interest assumption which is included in the original pension calculation.

2 In the event that the average annual investment return is less than 6%, then pension payments remain unchanged – in other words, Queen’s pension payments are guaranteed never to decrease (they either increase or stay the same). Note, however, that future indexing increases due in years when average returns exceed 6% will first be used to offset any shortfalls caused by poor returns in prior years.

3 Most widely applied excess interest available for annual adjustments – individual adjustments will vary depending on the year of pension initiation.