By comparison, its 2015 rate of return was 18.3% and the 2014 rate of return was 16.1%
High CPP contribution obligations Canadians face today will translate into low rates of returns in future years
The provinces and territories are scheduled to reconvene in June to continue talks on CPP reform
The fund’s Canadian equity portfolio lost value over the same period
Reforms to mandatory public pension reform “should occur on a national basis”
Solutions such as Ontario’s ORPP won’t work, he says. Expanding the CPP is an option, as are increasing limits for TFSAs, RPPs and RRSPs
The Liberals are looking to boost public pensions
CLHIA letter urges emphasis on private retirement savings
Make better use of existing programs, such as group RRSPs and TFSAs, and use public information campaigns, group says
Adding a voluntary component to the CPP would be complex to set up and costly to administer