Desjardins Group Pension Plan
How your plan works
Understanding your plan can help you prepare for and enjoy your retirement with confidence. Learn more about how the Desjardins Group Pension Plan (DGPP) works.
Your defined benefit pension plan in 3 steps
As a Desjardins employee, you’re covered by a defined benefit pension plan. Here’s how it works, from your first paycheque to retirement.
- You contribute to the plan
From day one as a plan member, you’ll be contributing a portion of your salary into the plan’s pension fund. Your contributions are pooled with those of your employer and other plan members. - We handle the money
We take care of investing the fund’s money to ensure the plan’s long-term financial health. You don’t have to make any investment decisions yourself. - You receive a stable pension
When you retire, you’ll receive a pension from the DGPP, a monthly payment that is paid for life. You’ll get what’s called “defined benefits,” meaning that you’ll collect predictable income based on a pre-established formula. Your pension isn’t tied to how much you contribute or the plan’s performance.
In a defined contribution pension plan, contributions are set in advance. Each plan member’s retirement income is tied to how much money they’ve built up through contributions and how well their investments have done. They don’t know how much they’ll get when they retire.
Plan members also have to manage their own investments.
Defined contribution pension plans are less predictable and require more active involvement than defined benefit pension plans.
Key features of your pension plan
Secure site Contributions
Throughout your career at Desjardins, you’ll be sharing the costs of your pension plan with your employer. Find out how we calculate how much you contribute.
Secure site Pension calculation
The amount of your pension is based on a specific formula that includes the average of your highest earnings and your years as a plan member. Find out how we calculate your pension.
Secure site Retirement age
Your plan lets you retire as early as 55. Find out how your retirement age affects how much pension you could get.
Secure site Pension indexation
We adjust your pension to offset the effects of inflation on your retirement income. Find out what indexing rate applies to you based on your years as an active plan member.
Contact us
By phone
For confidential support and information about the DGPP
Monday to Friday: 8:30 AM to 4:30 PM
Montreal area:
514-285-3166 This link opens your phone app.
Elsewhere in Canada:
1-866-434-3166 This link opens your phone app.
Online
For general questions about the DGPP or to send documents