Quote:
Originally Posted by CrusaderPi
This is a good question. Fortunately unless you are 50 years old now you don't have to worry about whatever you've put into the CPP. It should be bankrupt within the next 10-20 years.
Again, don't factor any CPP income into your retirement plans. Last I read the unfunded liability was at 1.7 trillion.
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I heard its just the media that is painting this doom and gloom picture. The CPP is a pay as you go system, so all the feds have to do is hike up the CPP premiums and cut the benefits to support the baby boom
I do agree that the CPP is not an efficient pension plan. We can all do better if we invested the money ourselves, but the estimates of the CPP going bankrupt are premature IMO