Supplemental pension plans provided by employers are a key fringe benefit to bear in mind when looking at overall compensation. In the private sector, pension plans have been going through a financing crisis in recent years. In the Quebec public sector, on the other hand, the government’s ability to pay is not at issue, and pension plans remain very generous. With negotiations under way between the government and the “Common Front” of public sector unions, there is reason to look into this matter and to ask if public sector pension plans are too generous compared to those in the private sector, taking account of taxpayers’ ability to pay.
Links of interest
Projections – secteur public :: Appendix (in French only)
Projections – secteur privé :: Appendix (in French only)
Media Release (In French only), March 3, 2010: Générosité des régimes de retraite du secteur public : au-delà des chiffres, le bon sens