In Canada and Quebec, it was very difficult to peg the rates at which premiums are paid under the Quebec and Canada pension plans to a high enough level. Personally, the idea of "flexisecurity" scares me a bit because we are already having problems with a single well-defined system, which has a specific framework. Perhaps we even acted a bit too late, because we are now paying 9.9% in premiums into the Quebec Pension Plan and the Canada Pension Plan, whereas a rate of only 7.5% would be needed to maintain a long-term balance within the fund. We are paying for the mistakes of the past, and that frightens me.
On May 6th, 2008. See this statement in context.