Those Canadians under 50 years old figure the Canada Pension Plan, which they pay into with every paycheque, will be long broke and dead and buried by the time they retire, giving them zero benefit.
Not so says this article.
An impending funding crisis has been diverted and younger Canadians will not only get their promised pension but, barring calamity, will not have to pay more than the current contribution level.
Bold changes to the national plan started seven years ago, including a near doubling of compulsory contribution rates to 9.9 per cent of the average industrial wage, have defused a demographic time bomb still ticking in many western countries with aging populations.
Woohoo!!
http://www.canada.com/ottawa/ottawacitizen...7d-5be82d7fc879
Cowperson