Direct program expenses were up $ 1.0 billion (5.5 %), primarily due to the timing of payments as well as an increase in federal government employee pension and other future benefit liabilities, reflecting the impact of lower interest rates. (3dpolicy.ca)
The state's government employee pension fund is in dire financial straits. (teacherpensions.org)
Note on the assumptions on the numbers: These numbers are based on a DB pension payment of $ 17,000 annually indexed at 1 % based on Jason Heath's research on the Quebec government employee pension plan. (moneysense.ca)