# Government and Public Employees Retirement Plan

Government and Public Employees Retirement Plan is a Pension Fund based in Quebec City, Canada.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Quebec City, Canada
- **Region:** North America
- **Address:** Quebec City, QC, Canada
- **Founded:** 1996
- **Assets under management:** Undisclosed
- **Website:** rregop.gouv.qc.ca
- **LinkedIn:** https://www.linkedin.com/company/governmentemployeespensionfund

## Regulatory record

- **Reports private funds:** No

## About

Government and Public Employees Retirement Plan is a public pension fund based in Quebec, Canada. It manages approximately $65 billion in assets, primarily focused on North America.

## Sectors

- Real Estate
- Infrastructure
- Private Equity

## People

- Charles Emond — President and CEO, CDPQ
- Jean St-Gelais — Chairman of the Board, CDPQ

## Questions

### Who runs investment decisions for the Government and Public Employees Retirement Plan?

All investment decisions are delegated to the Caisse de dépôt et placement du Québec (CDPQ), which acts as the plan's exclusive portfolio manager. Charles Emond serves as President and CEO of CDPQ, overseeing the deployment of capital across asset classes. The plan itself, administered by Retraite Québec, does not maintain a separate internal investment team — it relies entirely on CDPQ's institutional infrastructure and expertise.

### What is the relationship between this plan, CDPQ, and Retraite Québec?

Retraite Québec administers the plan's pension administration — collecting contributions, tracking member benefits, and calculating liabilities. CDPQ serves as the plan's exclusive investment manager, deploying the pooled assets into global markets. The plan is not a standalone entity but a segregated mandate embedded within CDPQ's broader management of Quebec's public retirement assets.

### What infrastructure assets does the plan hold?

Through CDPQ, the plan holds direct and co-investment stakes in major infrastructure assets including Heathrow Airport Holdings in London, the Eurostar high-speed rail service linking the UK to continental Europe, and the Réseau express métropolitain (REM) automated light-rail network in Montreal. These positions reflect CDPQ's strategy of owning and operating core infrastructure with multi-decade holding periods.

### Does the plan invest in direct real estate, and where?

Yes. CDPQ holds direct stakes in commercial real estate on behalf of the plan, with confirmed properties including CIBC Square in Toronto, the Montreal Eaton Centre, Place Ville Marie in Montreal, Metropolis at Metrotown in Burnaby, British Columbia, and CrossIron Mills in Rocky View County, Alberta. The portfolio concentrates on high-quality retail and office assets in major Canadian metropolitan markets.

## Related profiles

- [Gould Capital](https://altss.com/profile/gould-capital)
- [Government Employees Retirement System of the Virgin Islands](https://altss.com/profile/government-employees-retirement-system-of-the-virgin-islands-defined-contribution-gers)

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Last updated: 2026-06-03T20:00:00.000Z

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