Québec funding shortfall warning

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CANADA - At current contribution rates, the reserves of the Québec Pension Plan (QPP) will be completely drained by 2051, the chief actuary of Canada has warned.

The QPP has a legally mandated contribution rate of 9.9% which has been projected over the next 50 years. According to the latest actuarial report, this is insufficient to meet long-term funding ne...

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