Motivated from both a will to understand the current situation and an ambition to propose practical solutions, this report brings a new perspective for the pension system of Quebec: automatic savings in the workplace. Because three quarters of Quebec’s private sector employees have no employer-sponsored pension scheme, major adjustments should be considered to ensure a reasonable retirement replacement income to those workers. It would be done without forcing mandatory savings from workers. This is the spirit of automatic savings; workers are automatically enrolled in the scheme, with incentives to stay, but could ultimately opt out. A desirable level of savings would be 4% from the employee and 2% from the employer, hence the expression “4-2”.

On this web page : an interview that goes into some depth on those themes with two members of the research team, the report in both complete and abridged versions, software designed and used for the analysis, and many of the resources available on the report’s
website: iPensions.

In the hope of stimulating interest, and changes that would be beneficial to all.

Have a nice exploration!