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
Expansion would require costly new infrastructure to administer individual accounts
When CPP contribution rates rose, the private savings rate dropped for younger households. Older and wealthy households were not impacted
The government is opposed to mandatory premium increases