Wynne wishes Que. premier 'bonne chance' with pension reforms

Ontario Premier Kathleen Wynne. (STAN BEHAL/QMI Agency)

Ontario Premier Kathleen Wynne. (STAN BEHAL/QMI Agency)

Antonella Artuso, Queen's Park Bureau Chief

, Last Updated: 7:21 AM ET

TORONTO -- Premier Kathleen Wynne has wished her Quebec counterpart "bonne chance" in that province's escalating battle over pension reforms.

Wynne and Quebec Premier Philippe Couillard held their first official face-to-face meeting and joint media conference Thursday, in the same week that unhappy public-sector unionists swarmed Montreal city hall.

Ontario and the rest of the country face similar challenges ensuring pensions remain solvent with an aging workforce, she said.

"I wish everyone well in the discussion here in Quebec," Wynne said at the event in Quebec City. "We are all dealing with demographic realities that have changed the stability of pensions, so we're working in Ontario to make them stable, and I know that's what's being done in Quebec as well.

"So I would say bonne chance," she said, when asked by a reporter what her advice would be to Couillard.

Quebec used to have 17 workers for every retiree, but that has decreased to just three workers, meaning pensions are now mostly funded through stock market investments, Couillard said.

In addition, many people now routinely reach 85 years of age, putting additional pressures on the funds, he noted.

"We have to face this new reality," Couillard said.


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