Reforming the Quebec Pension Plan to give control back to workers
The pension plan crisis caused by the aging of the population is affecting all western countries, with Quebec especially hard hit by this phenomenon. The long-term financing of the Quebec Pension Plan (QPP) is a cause of concern, and experts say changes are needed to ensure its viability. As in the past, a new rise in contributions is being suggested to balance the program’s reserve. Other countries have had to reform their public pension systems in recent decades. One of them – Chile – has stood out because of its success and has inspired about 30 other governments. Can Quebec also learn something from their experience?
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Media Release: Reforming the Quebec Pension Plan to give control back to workers