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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