The CPP Fund's assets reached a record high of $148.2 billion at the end of its fiscal 2010. That surpassed a previous high of $127.7 billion in June 2008, months before the onset of the global financial downturn.
Pensions and Retirement Security
Participation of women in pension plans continues the trend upward which began in 1998.
The evidence clearly demonstrated that the government was required to and did put aside real funds to deal with its pension obligations, along with funds collected from plan members' contributions.
The full name is now the Healthcare of Ontario Pension Plan
Among retired people with debt, 17 percent owed $100,000 or more.
Main split on pensions comes down to continuing to rely on a failed private sector model, or improving and expanding our public pension system.
In the past 12 months, there has been a significant rise in the number of retirees returning to the workforce because they need the income
Review of pension plans in the broader public sector misses the mark completely for the tens of thousands of workers who have no pension coverage at all.
Small GIS increase to go only to those seniors with less than $2,000 income a year.
QPP contributions will increase while workers who retire before age 65 will have their QPP benefits further reduced
"As a mechanism for addressing the deficiencies in Canada’s retirement income system, PRPPs are greatly inferior to an expanded CPP."
Level exceeds the previous high reached in the second quarter of 2008.
Two thirds cite lack of funds as reason for not making RRSP contribution.
Payments under OAS and GIS will rise 0.5 percent.
Canadians believe they'll work longer than the traditional retirement age of 65, they're less confident about their retirement outlook, and they're concerned about their financial well-being.
Canadians 35-54 years of age are the most likely to have withdrawn money from their RRSP
On January 19, 2011, NSGEU president Joan Jessome sent the following letter to the editor of the Chronicle Herald in response to an article by Dan Leger. It has yet to be printed.
Forty percent of working Canadians age 55 or older view their financial plans for retirement as less than adequate.
At issue is the fact that the federal government raided a $28 billion surplus from pension plans of federal public service employees