{"id":678,"date":"2014-09-24T18:16:00","date_gmt":"2014-09-24T18:16:00","guid":{"rendered":"http:\/\/rf.podcastfixit.com\/index.php\/2014\/09\/24\/rousselle-fix-pensions-now-before-its\/"},"modified":"2015-06-01T19:40:54","modified_gmt":"2015-06-01T19:40:54","slug":"rousselle-fix-pensions-now-before-its","status":"publish","type":"post","link":"https:\/\/newscoverage.org\/index.php\/2014\/09\/24\/rousselle-fix-pensions-now-before-its\/","title":{"rendered":"Rousselle: Fix pensions now, before it\u2019s too late"},"content":{"rendered":"

Some cities soon to hit one-to-one pensioner-to-worker ratio<\/i><\/b><\/p>\n

By Robert Frank<\/b>
\nwww.thesuburban.com<\/a><\/p>\n

According Jean Rousselle, the arithmetic is simple\u2014and ominous.<\/p>\n

\u201cTwenty years ago, there were a lot more workers for every retiree,\u201d the representative for Vimont told the National Assembly, Sept. 18. \u201cNow there are far fewer, and this low number will continue to decrease.\u201d <\/p>\n

\u201cToday, there are three workers for every retiree,\u201d he reported, \u201cand in some cities there will soon\u2014very soon\u2014be [only] one worker for every retiree.\u201d <\/p>\n

Rousselle recognized that the drastic measures that Quebec envisages might seem unfair, but that the deprivation pales in contrast to the prospect of the province\u2019s pension plans going bankrupt.<\/p>\n

\u201cI have received a lot of phone calls and electronic mail messages from my former brothers and sisters at the Laval Police service,\u201d he acknowledged. <\/p>\n

\u201cAs of Dec. 31, the combined deficit of all pension plans was $3.9 billion,\u201d Rousselle observed. \u201cWe can no longer remain indifferent to this situation.\u201d <\/p>\n

\u201cThe current upturn in markets is a wise time to make this move,\u201d he urged. <\/p>\n

Rousselle explained that two-thirds of pension plans, which used to be funded by workers\u2019 contributions, today depend on uncertain stock market investments. <\/p>\n

\u201cThat makes them extremely vulnerable to the vicissitudes of the market,\u201d he warned. \u201cSeveral underfinanced pension funds that are already struggling [to meet their commitments] might not survive another stock market rout like the one that we saw in 2008. Simply put: those pensions are in jeopardy.\u201d<\/p>\n

\u201cToday\u2019s economic and demographic scenario can no longer support the status quo,\u201d Rousselle said. \u201cToday\u2019s pension plans are based on a bygone era of sustained growth, high yield and lower life expectancy.\u201d <\/p>\n

He said that the Liberal government wants to pass a law that will create a stabilization fund that would buffer pensioners from the impact of a potential stock market crash and other unpredictable financial crises. <\/p>\n

\u201cThat\u2019s why we absolutely have to move forward with Bill 3, to provide for the [financial] security of our seniors as well as today\u2019s workers future needs,\u201d Rousselle asserted, \u201crather than burden our children with the problem because we failed to act. This draft law is an act of social responsibility.\u201d <\/p>\n

He said that beats postponing dealing with a problem that, until now, no politician has had the will to grapple with. <\/p>\n

(function(i,s,o,g,r,a,m){i[‘GoogleAnalyticsObject’]=r;i[r]=i[r]||function(){
\n (i[r].q=i[r].q||[]).push(arguments)},i[r].l=1*new Date();a=s.createElement(o),
\n m=s.getElementsByTagName(o)[0];a.async=1;a.src=g;m.parentNode.insertBefore(a,m)
\n })(window,document,’script’,’\/\/www.google-analytics.com\/analytics.js’,’ga’);<\/p>\n

ga(‘create’, ‘UA-45892555-1’, ‘auto’);
\n ga(‘send’, ‘pageview’);<\/p>\n

<\/p>\n

\n<\/a><\/div>\n
\nVimont MNA Jean Rousselle<\/b><\/div>\n
\n(Photo \u00a9 Robert Frank)<\/i><\/b><\/div>\n","protected":false},"excerpt":{"rendered":"

Some cities soon to hit one-to-one pensioner-to-worker ratio By Robert Frank www.thesuburban.com According Jean Rousselle, the arithmetic is simple\u2014and ominous. \u201cTwenty years ago, there were a lot more workers for every retiree,\u201d the representative for Vimont told the National Assembly, Sept. 18. \u201cNow there are far fewer, and this low number will continue to decrease.\u201d<\/p>\n","protected":false},"author":1,"featured_media":3379,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-678","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"\nRousselle: Fix pensions now, before it\u2019s too late - Newscoverage<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/newscoverage.org\/index.php\/2014\/09\/24\/rousselle-fix-pensions-now-before-its\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rousselle: Fix pensions now, before it\u2019s too late - Newscoverage\" \/>\n<meta property=\"og:description\" content=\"Some cities soon to hit one-to-one pensioner-to-worker ratio By Robert Frank www.thesuburban.com According Jean Rousselle, the arithmetic is simple\u2014and ominous. \u201cTwenty years ago, there were a lot more workers for every retiree,\u201d the representative for Vimont told the National Assembly, Sept. 18. \u201cNow there are far fewer, and this low number will continue to decrease.\u201d\" \/>\n<meta property=\"og:url\" content=\"https:\/\/newscoverage.org\/index.php\/2014\/09\/24\/rousselle-fix-pensions-now-before-its\/\" \/>\n<meta property=\"og:site_name\" content=\"Newscoverage\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/robert.frank.90834\" \/>\n<meta property=\"article:published_time\" content=\"2014-09-24T18:16:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2015-06-01T19:40:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/newscoverage.org\/wp-content\/uploads\/2014\/09\/140404-Jean-Rousselle.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"566\" \/>\n\t<meta property=\"og:image:height\" content=\"658\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"editor robert\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"editor robert\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/newscoverage.org\\\/index.php\\\/2014\\\/09\\\/24\\\/rousselle-fix-pensions-now-before-its\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/newscoverage.org\\\/index.php\\\/2014\\\/09\\\/24\\\/rousselle-fix-pensions-now-before-its\\\/\"},\"author\":{\"name\":\"editor robert\",\"@id\":\"https:\\\/\\\/newscoverage.org\\\/#\\\/schema\\\/person\\\/fc82a2a747f4a72f7a4833658ab077a3\"},\"headline\":\"Rousselle: Fix pensions now, before it\u2019s too late\",\"datePublished\":\"2014-09-24T18:16:00+00:00\",\"dateModified\":\"2015-06-01T19:40:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/newscoverage.org\\\/index.php\\\/2014\\\/09\\\/24\\\/rousselle-fix-pensions-now-before-its\\\/\"},\"wordCount\":468,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/newscoverage.org\\\/index.php\\\/2014\\\/09\\\/24\\\/rousselle-fix-pensions-now-before-its\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/newscoverage.org\\\/wp-content\\\/uploads\\\/2014\\\/09\\\/140404-Jean-Rousselle.jpg\",\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/newscoverage.org\\\/index.php\\\/2014\\\/09\\\/24\\\/rousselle-fix-pensions-now-before-its\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/newscoverage.org\\\/index.php\\\/2014\\\/09\\\/24\\\/rousselle-fix-pensions-now-before-its\\\/\",\"url\":\"https:\\\/\\\/newscoverage.org\\\/index.php\\\/2014\\\/09\\\/24\\\/rousselle-fix-pensions-now-before-its\\\/\",\"name\":\"Rousselle: Fix pensions now, before it\u2019s too late - Newscoverage\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/newscoverage.org\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/newscoverage.org\\\/index.php\\\/2014\\\/09\\\/24\\\/rousselle-fix-pensions-now-before-its\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/newscoverage.org\\\/index.php\\\/2014\\\/09\\\/24\\\/rousselle-fix-pensions-now-before-its\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/newscoverage.org\\\/wp-content\\\/uploads\\\/2014\\\/09\\\/140404-Jean-Rousselle.jpg\",\"datePublished\":\"2014-09-24T18:16:00+00:00\",\"dateModified\":\"2015-06-01T19:40:54+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/newscoverage.org\\\/#\\\/schema\\\/person\\\/fc82a2a747f4a72f7a4833658ab077a3\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/newscoverage.org\\\/index.php\\\/2014\\\/09\\\/24\\\/rousselle-fix-pensions-now-before-its\\\/#breadcrumb\"},\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/newscoverage.org\\\/index.php\\\/2014\\\/09\\\/24\\\/rousselle-fix-pensions-now-before-its\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-CA\",\"@id\":\"https:\\\/\\\/newscoverage.org\\\/index.php\\\/2014\\\/09\\\/24\\\/rousselle-fix-pensions-now-before-its\\\/#primaryimage\",\"url\":\"https:\\\/\\\/newscoverage.org\\\/wp-content\\\/uploads\\\/2014\\\/09\\\/140404-Jean-Rousselle.jpg\",\"contentUrl\":\"https:\\\/\\\/newscoverage.org\\\/wp-content\\\/uploads\\\/2014\\\/09\\\/140404-Jean-Rousselle.jpg\",\"width\":566,\"height\":658},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/newscoverage.org\\\/index.php\\\/2014\\\/09\\\/24\\\/rousselle-fix-pensions-now-before-its\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/newscoverage.org\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Rousselle: Fix pensions now, before it\u2019s too late\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/newscoverage.org\\\/#website\",\"url\":\"https:\\\/\\\/newscoverage.org\\\/\",\"name\":\"Newscoverage\",\"description\":\"newscoverage.org\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/newscoverage.org\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-CA\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/newscoverage.org\\\/#\\\/schema\\\/person\\\/fc82a2a747f4a72f7a4833658ab077a3\",\"name\":\"editor robert\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-CA\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/8218f97425a88f0212b8636d21d09c56391445f892db32b08ed4f8e5613c37ac?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/8218f97425a88f0212b8636d21d09c56391445f892db32b08ed4f8e5613c37ac?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/8218f97425a88f0212b8636d21d09c56391445f892db32b08ed4f8e5613c37ac?s=96&d=mm&r=g\",\"caption\":\"editor robert\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/robert.frank.90834\"],\"url\":\"https:\\\/\\\/newscoverage.org\\\/index.php\\\/author\\\/editor-robert\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Rousselle: Fix pensions now, before it\u2019s too late - Newscoverage","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/newscoverage.org\/index.php\/2014\/09\/24\/rousselle-fix-pensions-now-before-its\/","og_locale":"en_US","og_type":"article","og_title":"Rousselle: Fix pensions now, before it\u2019s too late - Newscoverage","og_description":"Some cities soon to hit one-to-one pensioner-to-worker ratio By Robert Frank www.thesuburban.com According Jean Rousselle, the arithmetic is simple\u2014and ominous. \u201cTwenty years ago, there were a lot more workers for every retiree,\u201d the representative for Vimont told the National Assembly, Sept. 18. \u201cNow there are far fewer, and this low number will continue to decrease.\u201d","og_url":"https:\/\/newscoverage.org\/index.php\/2014\/09\/24\/rousselle-fix-pensions-now-before-its\/","og_site_name":"Newscoverage","article_author":"https:\/\/www.facebook.com\/robert.frank.90834","article_published_time":"2014-09-24T18:16:00+00:00","article_modified_time":"2015-06-01T19:40:54+00:00","og_image":[{"width":566,"height":658,"url":"https:\/\/newscoverage.org\/wp-content\/uploads\/2014\/09\/140404-Jean-Rousselle.jpg","type":"image\/jpeg"}],"author":"editor robert","twitter_card":"summary_large_image","twitter_misc":{"Written by":"editor robert","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/newscoverage.org\/index.php\/2014\/09\/24\/rousselle-fix-pensions-now-before-its\/#article","isPartOf":{"@id":"https:\/\/newscoverage.org\/index.php\/2014\/09\/24\/rousselle-fix-pensions-now-before-its\/"},"author":{"name":"editor robert","@id":"https:\/\/newscoverage.org\/#\/schema\/person\/fc82a2a747f4a72f7a4833658ab077a3"},"headline":"Rousselle: Fix pensions now, before it\u2019s too late","datePublished":"2014-09-24T18:16:00+00:00","dateModified":"2015-06-01T19:40:54+00:00","mainEntityOfPage":{"@id":"https:\/\/newscoverage.org\/index.php\/2014\/09\/24\/rousselle-fix-pensions-now-before-its\/"},"wordCount":468,"commentCount":0,"image":{"@id":"https:\/\/newscoverage.org\/index.php\/2014\/09\/24\/rousselle-fix-pensions-now-before-its\/#primaryimage"},"thumbnailUrl":"https:\/\/newscoverage.org\/wp-content\/uploads\/2014\/09\/140404-Jean-Rousselle.jpg","inLanguage":"en-CA","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/newscoverage.org\/index.php\/2014\/09\/24\/rousselle-fix-pensions-now-before-its\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/newscoverage.org\/index.php\/2014\/09\/24\/rousselle-fix-pensions-now-before-its\/","url":"https:\/\/newscoverage.org\/index.php\/2014\/09\/24\/rousselle-fix-pensions-now-before-its\/","name":"Rousselle: Fix pensions now, before it\u2019s too late - Newscoverage","isPartOf":{"@id":"https:\/\/newscoverage.org\/#website"},"primaryImageOfPage":{"@id":"https:\/\/newscoverage.org\/index.php\/2014\/09\/24\/rousselle-fix-pensions-now-before-its\/#primaryimage"},"image":{"@id":"https:\/\/newscoverage.org\/index.php\/2014\/09\/24\/rousselle-fix-pensions-now-before-its\/#primaryimage"},"thumbnailUrl":"https:\/\/newscoverage.org\/wp-content\/uploads\/2014\/09\/140404-Jean-Rousselle.jpg","datePublished":"2014-09-24T18:16:00+00:00","dateModified":"2015-06-01T19:40:54+00:00","author":{"@id":"https:\/\/newscoverage.org\/#\/schema\/person\/fc82a2a747f4a72f7a4833658ab077a3"},"breadcrumb":{"@id":"https:\/\/newscoverage.org\/index.php\/2014\/09\/24\/rousselle-fix-pensions-now-before-its\/#breadcrumb"},"inLanguage":"en-CA","potentialAction":[{"@type":"ReadAction","target":["https:\/\/newscoverage.org\/index.php\/2014\/09\/24\/rousselle-fix-pensions-now-before-its\/"]}]},{"@type":"ImageObject","inLanguage":"en-CA","@id":"https:\/\/newscoverage.org\/index.php\/2014\/09\/24\/rousselle-fix-pensions-now-before-its\/#primaryimage","url":"https:\/\/newscoverage.org\/wp-content\/uploads\/2014\/09\/140404-Jean-Rousselle.jpg","contentUrl":"https:\/\/newscoverage.org\/wp-content\/uploads\/2014\/09\/140404-Jean-Rousselle.jpg","width":566,"height":658},{"@type":"BreadcrumbList","@id":"https:\/\/newscoverage.org\/index.php\/2014\/09\/24\/rousselle-fix-pensions-now-before-its\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/newscoverage.org\/"},{"@type":"ListItem","position":2,"name":"Rousselle: Fix pensions now, before it\u2019s too late"}]},{"@type":"WebSite","@id":"https:\/\/newscoverage.org\/#website","url":"https:\/\/newscoverage.org\/","name":"Newscoverage","description":"newscoverage.org","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/newscoverage.org\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-CA"},{"@type":"Person","@id":"https:\/\/newscoverage.org\/#\/schema\/person\/fc82a2a747f4a72f7a4833658ab077a3","name":"editor robert","image":{"@type":"ImageObject","inLanguage":"en-CA","@id":"https:\/\/secure.gravatar.com\/avatar\/8218f97425a88f0212b8636d21d09c56391445f892db32b08ed4f8e5613c37ac?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/8218f97425a88f0212b8636d21d09c56391445f892db32b08ed4f8e5613c37ac?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/8218f97425a88f0212b8636d21d09c56391445f892db32b08ed4f8e5613c37ac?s=96&d=mm&r=g","caption":"editor robert"},"sameAs":["https:\/\/www.facebook.com\/robert.frank.90834"],"url":"https:\/\/newscoverage.org\/index.php\/author\/editor-robert\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/newscoverage.org\/index.php\/wp-json\/wp\/v2\/posts\/678","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newscoverage.org\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newscoverage.org\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newscoverage.org\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newscoverage.org\/index.php\/wp-json\/wp\/v2\/comments?post=678"}],"version-history":[{"count":1,"href":"https:\/\/newscoverage.org\/index.php\/wp-json\/wp\/v2\/posts\/678\/revisions"}],"predecessor-version":[{"id":3380,"href":"https:\/\/newscoverage.org\/index.php\/wp-json\/wp\/v2\/posts\/678\/revisions\/3380"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newscoverage.org\/index.php\/wp-json\/wp\/v2\/media\/3379"}],"wp:attachment":[{"href":"https:\/\/newscoverage.org\/index.php\/wp-json\/wp\/v2\/media?parent=678"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newscoverage.org\/index.php\/wp-json\/wp\/v2\/categories?post=678"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newscoverage.org\/index.php\/wp-json\/wp\/v2\/tags?post=678"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}