Quote:
Originally Posted by GGG
In 1990 the fund changes so it would be solvent. This involves today’s contributors paying for current retirees so people end up contributing more then they wil get as a result.
The CPP doesn’t have a deficit, it is solvent until 2075 meaning with predicted growth and contributions it will be able to pay out retirees. It does rely on current workers paying for current retirees at the present time.
You also have said you don’t want the better option of the Calgary pension plan yet didn’t say why you don’t?
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Don’t think I have a specific reason. But my gut feel is a provincial setup would have more advantages.