And is raising the minimum wage going to enable them to buy any more R.R.S.P.s?
Is there really a necessity for others to delve into Cliffy's private financial business?
Who died before they collected Canadian Pension Plan? (CPP)
- Thread starter Cliffy
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And is raising the minimum wage going to enable them to buy any more R.R.S.P.s?
Is there really a necessity for others to delve into Cliffy's private financial business?
Till what age did you plan on working if you weren't disabled cliffy?
Sounds like forced retirement.
Canada's national pension plan owned assets worth $326.5 billion at the end of June, a nearly $10-billion increase in three months despite a weakening Canadian dollar that dragged down results.
The Canada Pension Plan Investment Board (CPPIB) invests funds on behalf of 20 million Canadian workers and retirees included in the Canada Pension Plan. The board's job is to take contributions not needed to pay current benefits and invest them for the future.
Last year, the chief actuary of Canada reaffirmed that the fund should be able to pay out all of its obligations for the next 75 years at its current contribution rate of 9.9 per cent.
Between April and June, the fund earned a 1.8 per cent rate of return after costs. But the performance looks a lot better over a longer time frame.
In the previous five years, the fund has pulled off a return of 10.5 per cent, after costs. Over a 10-year horizon, the gains drop to 5.2 per cent, but still well above the 3.9 per cent annualized long-term gains the chief actuary calculates will be needed for the fund to pay out its obligations in perpetuity.
Every major class of investment that the fund has money put to work in contributed to the gain, including public stocks, private companies, bonds and other investments like real estate and infrastructure.
"Global equity markets produced a significant uplift and gains from fixed income improved," CPPIB president Mark Machin said. "Meanwhile, the strengthening Canadian dollar against most major currencies applied downward pressure, a trend that accelerated in the first half of the current quarter."
CPPIB added almost $10B in assets in last quarter - Business - CBC News
The Canada Pension Plan Investment Board (CPPIB) invests funds on behalf of 20 million Canadian workers and retirees included in the Canada Pension Plan. The board's job is to take contributions not needed to pay current benefits and invest them for the future.
Last year, the chief actuary of Canada reaffirmed that the fund should be able to pay out all of its obligations for the next 75 years at its current contribution rate of 9.9 per cent.
Between April and June, the fund earned a 1.8 per cent rate of return after costs. But the performance looks a lot better over a longer time frame.
In the previous five years, the fund has pulled off a return of 10.5 per cent, after costs. Over a 10-year horizon, the gains drop to 5.2 per cent, but still well above the 3.9 per cent annualized long-term gains the chief actuary calculates will be needed for the fund to pay out its obligations in perpetuity.
Every major class of investment that the fund has money put to work in contributed to the gain, including public stocks, private companies, bonds and other investments like real estate and infrastructure.
"Global equity markets produced a significant uplift and gains from fixed income improved," CPPIB president Mark Machin said. "Meanwhile, the strengthening Canadian dollar against most major currencies applied downward pressure, a trend that accelerated in the first half of the current quarter."
CPPIB added almost $10B in assets in last quarter - Business - CBC News