I can't believe how many of you are ok with this.
CPP is mandatory, they take your money to fund it and you can only collect when they decide, you make plans for your retirement from a young age and they change the rules whenever they manage the money poorly.
The fund is full of monies paid by people who die before even reaching the age, and I'm willing to bet a high percentage of people die off before they even recoop their contributions.
We aren't all making CP money, this pension is something a lot of us need, and since we've paid into it, we also deserve the benefits as they were described when we started contributing. The only reason it's "underfunded" is cause the governement keeps dipping in to fund their ineptitude.
Also, it may be easy to think this in not a big deal, as the CPP is not our pension, but an egg in the basket for most people in canada.
In Europe, the government pensions are much larger and for a lot of people is their entire basket, I'm sure most of these people can't retire until they can collect it. When I was offered a job last year in Italy the pension deduction was huge, leaving you very little to fund supplementary retirement options. There were no company pension option and I was led to believe this was the norm. Germany was the same and I would expect France is similar.
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