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Subject:  Re: If True, this Would Suck Date:  2/2/2013  8:21 AM
Author:  tim443 Number:  414906 of 561019

If True, this Would Suck


Perhaps, but I would rather have these fellows handling one of my pensions than just giving it to the politicians or a for profit bank or investment firm to play with?

Under the direction of then Finance Minister Paul Martin, the CPP Investment Board (CPPIB) was created in 1997 as an organization independent of the government to monitor and invest the funds held by the CPP. In turn, the CPP Investment Board created the CPP Reserve Fund. The CPP Investment Board is a crown corporation created by an Act of Parliament. It reports quarterly on its performance, has a professional management team to oversee the operation of various aspects of the CPP reserve fund and also to plan changes in direction, and a board of directors that is accountable to but independent from the federal government.

They actually haven't done too bad though I confess I haven't done a lot of research on them.

I had some personal issues with the whole Canada Pension Plan as I started paying into my military pension plan in 1964 then started paying into both when CPP was implemented in 1966. The government decided around 1972 that the outcome would be too generous and changed the rules so the effective when I turned 65 they would reduce my military pension by a percentage of what CPP was adding to the mix.

Any <here for the beer> mouse
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