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QPP won't make up private pension shortfalls

Globe and Mail Update

“The reality is pensions will not be increased – it just gives breathing room,” consultant says ...Read the full article

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  1. m d'ailleurs from Magog,Qc., Canada writes: Response to my previous post-oops,we ARE talking private fund.
  2. LOU Padula from montreal, Canada writes: If the government wanted to help, they would not have extended the underfunding required contributions from 5 years to 10.
    I presume we should all rejoice that experts! at the QPP would be managing the funds.
    Has anyone been following the Caisse's performance this year!
    Why is there an assumption that the pension fund would be collapsed and annuities bought with the remaining funds?
    Could not the retirees and or the unions manage the pension funds?
    This almost smacks of Daddy knows best.
    If the company has gone bankrupt, than the likelyhood that the pension fund had been managed diligently are quite remote.
    The Quebec government will now flaunt this program as an excuse for raising the underfunding contributions requirements from 5 years to 10.
    If it's a private pension, why is the government changing the rules retroactively?
    With friends like these in government, who needs enemies.

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