Every 3 years the Canada Pension Plan is analyzed by professional actuaries (with peer review by independent actuaries picked by the UK government) to analyze its financies against the best practice means of assessing likely future pay outs and revenue. Once again, the 26th such report finds the CPP is healthy over the “long term” at current contribution rates. In fact, since the 25th report, the CPP has become mildly healthier in that the minimum contribution rate needed to support it has dropped slightly.
This is government working, and succeeding where markets are generally failing: Some people (Read more…)