Expanding the Canada Pension Plan (CPP) is a risky proposition that could actually hinder the plan’s performance, according to study released by the Fraser Institute. “The Canada Pension Plan is already so large that any expansion of the plan will increase the risk that the manager of the plan’s assets, the Canada Pension Plan Investment […]
Otto von Bismarck, first chancellor of Germany, introduced the world’s first state pension plan in the 1880s. Citizens weren’t eligible to collect benefits until age 70, despite the fact the average life expectancy at the time was around 61. Bob Rae, Liberal MP for Toronto Centre, told this story to delegates at the Conference Board […]
The Canadian M&A market continued its momentum into the fourth quarter of 2010, making it the third successive quarter of increased M&A activity in terms of both transaction volume and value, according to the Financial Post Crosbie: Mergers & Acquisitions in Canada database. Riding on the back of the announcement of 302 transactions, the value […]
The Canada Pension Plan (CPP) fund ended the third quarter of fiscal 2011 on Dec. 31, 2010 at $140.1 billion, a $1.5 billion jump from the end of the second quarter. The increase represents investment income of $3.9 billion—a 3% return—less seasonal cash outflows of $2.4 billion to pay CPP benefits. “We are pleased with […]
After nearly five years of expert panels, white papers and public consultations there is a sense that the current wave of pension reform is winding down. And, most of us would say we don’t have much to show for all that effort. An expanded Canada Pension Plan (CPP) was rejected and the changes brought about […]
A new survey conducted by Environics survey conducted for the Canadian Union of Public Employees shows that proposals to expand the Canada Pension Plan (CPP) are far more popular than the latest government plans for a new private-sector option. According to the survey, 76% of respondents support increasing CPP benefits and 51% oppose the current […]
If your employees don’t fully understand their group retirement plan, they likely don’t understand the government benefits they are eligible for in retirement either. How much will they get? When should they retire? These are questions your employees will need answers to. To help Canadians gauge the ideal age to take their government pension, Sun […]
The Canadian Labour Congress (CLC) is looking for the culprits that stymied the enhancements to the Canada Pension Plan (CPP). The CLC publicly announced that in late December 2010 the group filed two Access to Information requests to seek internal government and external lobbying materials related to the CPP and private sector pooled registered pension […]
In preparation for the December 20 meeting of federal, provincial and territorial finance ministers, The Canadian Federation of Independent Business (CFIB) is asking the government to look at ways of improving the country’s retirement system, other than increasing Canada Pension Plan (CPP) contributions. In the letter, CFIB outlined its concern over the support in June […]
The Ontario Teachers’ Pension Plan (Teachers’) has made its official response to the provincial white paper Securing Our Retirement Future: Consulting with Ontarians on Canada’s Retirement Income System. In its response, Teachers’ indicates that of all the proposals put forth to increase the pension coverage of Canadians, “the best solution is either an expanded Canadian […]