Thursday, May 7, 2015

Looking back on a successful year!

Today, the Minister responsible for the Régie des rentes du Québec, Mr. Sam Hamad, tabled the Rapport annuel de gestion 2014 (Annual management report for 2014; French only). What is an annual management report? What purpose does it serve? Are we happy with the Régie’s results for 2014? Let me give you the lowdown.

Strategic plan and action plan 

The Plan stratégique 2012-2016 (2012-2016 Strategic plan; French only) outlines the mission, vision and values of the Régie while placing them in context. It also lists the strategic priorities and objectives the Régie intends to achieve by 31 December 2016.

The Régie prepares an action plan at the start of each year that describes exactly how the Régie will meet those objectives.

And the annual management report? That one’s all for you! It assesses the Régie’s performance and results in relation to its strategic plan and action plan.

Got it? Good!

Busy, busy, busy! 

As you may have noticed, the Régie had an eventful year with regard to supplemental pension plans. Need me to jog your memory? First, the Régie advised the government on the rollout of the law reforming municipal plans, while also participating in various forums on pension plans in the university and private sectors.

In addition, the Voluntary Retirement Savings Plans Act came into effect on 1 July 2014, making the Régie responsible for the monitoring of VRSPs. The Régie is also required to inform workers, employers and plan administrators about how the Act applies to them.

The Régie also played a role in creating the new Industrial Alliance Research Chair on the Economics of Demographic Change. Why did we get involved in research, you might be wondering? Because it enables the Régie to put its retirement expertise to good use. This way, everyone can benefit.

In 2014, the Régie also modernized and simplified an annual notice sent to over 870 000 families receiving child assistance. It also developed a new tool, Spotlight on Your Retirement , that gives retirement-age contributors useful information on choosing the best time to apply for their retirement pension. In addition, the Régie convinced over 181 000 clients to sign up for direct deposit. So here’s a big thank you to everyone who did their part for the environment!

And how did the Régie close out such a busy year? By unveiling its new mobile site!

Performance you can count on! 

Not only did the Régie deliver first-rate results and tackle various initiatives, it was still able to fulfill its mission to:
Check out the graphics below for a portrait of the Régie as at 31 December 2014.

I think the Régie can be pretty proud of its results. What do you think?