Show us pension numbers, Quebec opposition urges - Action News
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Show us pension numbers, Quebec opposition urges

Amid the turmoil in global credit markets, opposition parties in Quebec are demanding the Liberal government issue a financial report card on the province's pension fund.

Amid the turmoil in globalcredit markets, opposition parties in Quebec are demanding the Liberal government issue a financial report card on the province's pension fund.

The Caisse de dpt et placement du Qubec might have lost as much as $30 billion since theonset of theworldwide financialcrisis,Action Dmocratique du QubecLeader Mario Dumont said Friday.

"We have made calculations that show it is likely the biggest losses in history of the Caisse de dpot have happened," he said.

"If you were calling your financial agent and said what is in your RRSP, what it in is your account, and he couldn't tell you, you would fire him.

"That's exactly what he is telling us now," Dumont said.

Dumont said he hopes the pension fund's results will be included in a financial statement expected to be delivered Tuesday by provincial Finance Minister Monique Jrme-Forget.

But opposition parties will have to wait until February, when the pension fund traditionally renders its annual financial report card, Jrme-Forget said.

The Parti Qubcoisis also demanding answers about the pension fund. "Quebecers have a right to know," PQlegislatorFranois Legault said.

The pension fund's losses will impact other provincial corporations and retirement funds, and the Liberals have a duty to openthe books, Legault added.