Proposed pension reform sparks protest

Municipal workers in Quebec defy plan for defined plans
By Liz Foster
|Canadian Labour Reporter|Last Updated: 06/30/2014

Protests erupted province-wide after the Quebec government made moves to reform municipal pension plans.

The recently tabled Bill 3 — officially titled An Act to Foster the Financial Health and Sustainability of Municipal Defined Benefit Pension Plans — proposes significant changes to the way defined benefit pension plans are administered at the municipal level, in an effort to make up for massive deficits.

Quebec’s current shortfall reportedly stands at nearly $4 billion.