http://www.torontosun.com/comment/columnists/eric_duhaime/2010/12/15/16567901.html
The actuarial report of the Quebec Pension Plan released by the Quebec government a few days ago shows us the QPP is going to hit a wall.
In 2024, the reserve will start declining, and by 2039 it will be completely empty.
Quebec workers now pay 9.9% of their income to the QPP. To have a balanced plan, a steady-state contribution rate should be 11.02%.
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D: if boomers want full benefits they did not pay into, let them pay much more now.
Gen XY(Z) ought to be allowed to opt out.
This is a pyramind scheme.
But participation is mandated by law.
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