Six public pension plans from Quebec City, with combined total assets of approximately $2 billion, have joined the Caisse de dépôt et placement du Québec.
The six plans are:
Régime de retraite des cadres de la Ville de Québec
Régime de retraite des employés manuels de la Ville de Québec
Régime de retraite des fonctionnaires de la Ville de Québec
Régime de retraite du personnel professionnel de la Ville de Québec
Régime de retraite des policiers et policières de la Ville de Québec
Régime de retraite des pompiers de la Ville de Québec
The plans’ decisions to join Caisse were “based on an analysis of the current economic and financial environment and the needs of their participants,” Caisse said in a release.
At the end of 2015, the municipal plans represented more than 9,500 active participants, retirees and beneficiaries.
Caisse now has 40 depositors.