Quote:
Originally Posted by Regorium
Well, this quote says that the connection between say, the Ontario Teacher's Pension Plan, and CPP is this:
https://www.otpp.com/documents/10179...b-73b504a72464
So basically what it is saying that the more CPP you get, the less Teachers pension you get (not completely 1:1, but a reduction nonetheless). So now that everyone gets way more CPP, the payout from the OTPP is much less than before, and immediately reduces the liabilities of the OTPP.
A lot of other public pension funds have similar relations with CPP as well, which is what I believe the writer was going for.
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OK, but that's a pretty tenuous "connection". Basically the union plan there says that they will pay a certain amount and deduct the CPP entitlement. Frankly I think that is the type of thing that most non-union employees would want to see in this case, and not a reason to be against this at all?