La présente étude s’intéresse aux taux de rendement réalisés et anticipés des cotisants au Régime de rentes du Québec de 1968 jusqu’en 2056. Pour ce faire, des agents pour chacune de ces années ont été constitués. Une décroissance constante des rendements s’observe au cours de la période. Les taux de rendement de la première génération de cotisants sont nettement supérieurs à ceux des générations subséquentes principalement en raison des modalités de mise en place des prestations. Le relèvement des taux de cotisation pour les générations subséquentes joue aussi un rôle dans la réduction du taux de rendement observé mais, contrairement à la croyance populaire, l’importance de ce facteur est beaucoup moins grande

This study examines the realized and projected rates of return for contributors to the Canada Pension Plan from 1968 to 2056. For this purpose, a representative agent was constituted. A steady decline in returns was observed in which the rates of return for the first generation of contributors were markedly higher than those of subsequent generations, primarily on the account of modalities for establishing benefits. The higher contribution rates for subsequent generations also played a role in the lower rates of return observed, but this factor is actually not as important as commonly believed.

Institute publications undergo rigorous external review by academics and independent experts drawn from the public and private sectors. The Institute's peer review process ensures the quality, integrity and objectivity of its policy research. The Institute will not publish any study that, in its view, fails to meet the standards of the review process. The Institute requires that its authors publicly disclose any actual or potential conflicts of interest of which they are aware. In its mission to educate and foster debate on essential public policy issues, the C.D. Howe Institute provides nonpartisan policy advice to interested parties on a non-exclusive basis. The Institute will not endorse any political party, elected official, candidate for elected office, or interest group. As a registered Canadian charity, the C.D. Howe Institute as a matter of course accepts donations from individuals, private and public organizations, charitable foundations and others, by way of general and project support. The Institute will not accept any donation that stipulates a predetermined result or policy stance or otherwise inhibits its independence, or that of its staff and authors, in pursuing scholarly activities or disseminating research results.