Quote:
Originally Posted by Ron
Same thing in Canada.
The majority of people don't believe Canada Pension (our equivalent of SS) won't be there when they need it!
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The Canada Pension Plan is not funded from tax revenues. It is at arm's length from the government and is funded by the premiums of employees, employers, and fund investments.
Major changes were made to premium levels in the late nineties that will ensure that the Canada Pension plan will meet its obligations for the foreseeable future.
There was concern for the viability of the CPP, but it was addressed and the fund is in good shape.
The Old Age Pension is funded from current government revenues, but the CPP is not.
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