The Minister of Labor says no to an increase in the retirement age

Minister of Labor says no to higher retirement age


Faced with the labor shortage, the CAQ government has some levers in its possession, but postponing retirement to 67 is not in the cards, confirmed Minister of Labor Jean Boulet. 

“We are continuing to analyze our options, particularly of a tax nature, but for the moment, raising the retirement age is not being considered”, he told the Journal, on the sidelines of the Conference of Montreal. 

However, this does not prevent the Minister from courting experienced workers in order to retain them at work, “one of the labor pools on which we must continue to work. We have already done a lot to encourage experienced workers to stay or return to the job market,” he explains. 

To promote the employment of these workers, there is a tax credit for career extension, a payroll tax reduction program and other measures that allow employers to reorganize work.

“It is important to remember that we have increased by 14.3% the number of workers aged 65 and over who have returned to the job market,” he specifies. 

But there is still a lot to be done to convince these workers to continue working. Last month, the decline in employment across the country was almost entirely attributable to fewer workers aged 55 and over. 

Solutions Bundle

“That’s why you have to combine solutions to meet workforce challenges,” he believes. There are also young people […], the handicapped, the criminalized, the recipients of social assistance.”  

He continues to believe that Quebec is in a precarious position with several retirements and a greater phenomenon of the aging of the population. Minister sees historic low in 2030 when there will be 1.4 million vacancies. 

To meet this challenge, Mr. Boulet will continue to take up his pilgrim's staff in order to convince companies to modernize. 

“We also mobilized all the partners in the labor market, we reached consensus on training, requalification and the integration of clients who are far from the job market. We have improved access to temporary foreign workers, ”he lists.

As for the threshold of 50,000 newcomers from the CAQ government, which has been widely criticized by the business community , Mr. Boulet does not believe that the upgrade would have much impact. 

“We respect our ability to integrate. Among immigrants who are here from 0 to 5 years old, their unemployment rate is 13.2%,” he argues. available to companies “to better recruit, better retain”, but the social benefits are just as important, as is the balance between work and family, he believes.