2026 Salary Increase Survey | Results are out! 

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2026 Salary Increase Survey | Results are out! 

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Normandin Beaudry Pension Plan Financial Position Index, June 30, 2025

Despite high volatility in financial markets in the first half of the year, the financial position of pension plans recovered in the second quarter of 2025.

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Salary increases for 2026: budgets continue to decline

Organizations are expected to continue scaling back their salary increase budgets in 2026, with an average projected increase of 3.1%, excluding salary freezes.

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Normandin Beaudry Pension Plan Financial Position Index – Quebec Municipal and University Sector, June 30, 2025

Despite high volatility in financial markets in the first half of the year, the financial position of pension plans recovered in the second quarter of 2025.

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general@normandin-beaudry.ca

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Montreal, QC H3B 1S6

514-285-1122

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Toronto, ON M5H 3B7

416-285-0251

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Quebec City, QC G1M 0A2

418-634-1122