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Queen's University
 

Human Resources

Queen's Pension Plan - Returns through August 31, 2013


Annual Investment

Rate of Return

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%4

Average returns over various periods ending August 31, 2013 are as follows:

  5 years: 4.8% 25 years: 8.2%
10 years: 6.8% 30 years: 9.1%
15 years: 6.8% 35 years: 10.0%
20 years: 7.5% 40 years: 9.6%

Retired members of the Queen’s Pension Plan continue to benefit from the Fund 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 investment returns over the most recent four-year period less the 6% interest assumption which is included in the original pension calculation.
In the event that the four-year average of returns is less than 6%, then pension payments remain unchanged – in other words, Queen’s pension payments are guaranteed never to decrease (they will either increase or stay the same) thanks to a special reserve fund within the pension fund itself. 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.
Approximate increase; actual increases could be smaller depending on year of retirement.
Increase applied to true pensions for benefits initiated prior 2011-12, and to actual pension payments for 2011-12 retirees.

 

Queen's Human Resources
Fleming Hall, Stewart-Pollock Wing
Kingston, Ontario, Canada. K7L 3N6.
T: 613.533.2070 | F: 613.533.6196
hradmin@queensu.ca