Should Canada Pension Plan Participation Be Voluntary?

[Red Green]

CPP is a separate fund that has beaten the market for the last few years.

What is in the fund?

[Red Green]

A brief read of the CPP states that it has a maximum benefit of $934.17 / M in 2010 which would lead me to believe that it too is not linked to any type of actuarial or investment return on monies paid in.

[Red Green]

OK I just found the CPP Investment Board. I would be curious to see if the fund is underfunded for current projected liabilities.

These days Canada looks fiscally conservative in comparison with the US.

[AltaInd]

A brief read of the CPP states that it has a maximum benefit of $934.17 / M in 2010 which would lead me to believe that it too is not linked to any type of actuarial or investment return on monies paid in.

The CPP uses a 75-year projection and is currently actuarially sound. Like any other defined benefit pension, it is the contribution rates not the benefits that are tied to investment return.

[Red Green]

A brief read of the CPP states that it has a maximum benefit of $934.17 / M in 2010 which would lead me to believe that it too is not linked to any type of actuarial or investment return on monies paid in.

The CPP uses a 75-year projection and is currently actuarially sound. Like any other defined benefit pension, it is the contribution rates not the benefits that are tied to investment return.

They may tie the maximum payout by a group actuarial figure, but as an individual it appears that what you get paid out of the system is not linked to what you paid in necessarily.

[Charles J. White]

I think the time has come to let Canadians opt out of paying into this plan - voluntary would be better

[shiva]

I think the time has come to let Canadians opt out of paying into this plan - voluntary would be better

Hey! Something we can agree on.

[Charles J. White]

I think the time has come to let Canadians opt out of paying into this plan - voluntary would be better

Hey! Something we can agree on.

There is a great deal of policy we agree on

[Charles J. White]

If the Wildrose wins in Alberta, there is a very good chance that they will pull Alberta from the Canada Pension Plan - they may in fact bring about an end to the CPP once and for all. Please Alberta, don't let us down!!

[styky]

If the Wildrose wins in Alberta, there is a very good chance that they will pull Alberta from the Canada Pension Plan - they may in fact bring about an end to the CPP once and for all. Please Alberta, don't let us down!!

Not sure how I feel about that being as it's my one and only income

[shiva]

If the Wildrose wins in Alberta, there is a very good chance that they will pull Alberta from the Canada Pension Plan - they may in fact bring about an end to the CPP once and for all. Please Alberta, don't let us down!!

I'll second that!

[DA_Champion]

What happens in 30 years when there are seniors starving and freezing in the streets?

1) The public doesn't care and they die.
2) The government responds to the popular will and sends them aid, and we are back to square 1, only a little worse off.

There was a time in the distant past when governments didn't fund universal pensions. At the turn of the last century, life expectancy was ~45, and thus it wasn't an issue. You worked until you dropped dead, and churches took care of the few left.

[shiva]

If the Wildrose wins in Alberta, there is a very good chance that they will pull Alberta from the Canada Pension Plan - they may in fact bring about an end to the CPP once and for all. Please Alberta, don't let us down!!

Not sure how I feel about that being as it's my one and only income

This wouldn't affect someone in your position styky.