Pension age should be postponed!
- Thread starter JLM
- Start date
I'd vote for me too but I'm an as$shole.
Assets climbed by $45.5 billion to $264.6 billion. The growth included $40.6 billion in net investment income after all costs of the Canada Pension Plan Investment Board. The balance came from CPP contributions.
“Many factors helped lift the year’s results but the impact of decisions made over several years — and patience — is evident,” said Mark Wiseman, chief executive of the CPP Investment Board.
He said he views longer–term returns as even more important than the single’s year’s “exceptional” results. The 10-year investment rate of return for the fund is eight per cent, while the real return — which takes inflation into account — is 6.2 per cent.
Canada’s Chief Actuary says the fund must generate an average annual rate of return of four per cent to be sustained at current contribution rates and meet its obligations over the next 75 years.
