The zoomer group CARP will no doubt be following this closely.
A report by the C.D Howe Institute suggests the federal government’s expanded Canada Pension Plan is at risk of not keeping up with expectations. It says the larger pay outs contemplated by Ottawa are predicated on returns than may not materialize over the next 40 to 75 years.
The Institute wants the government to be more forthcoming about the potential investment risks, projecting that over the next 40 years the expanded plan will achieve 90% of its targets only 54% of the time, based on current return expectations.
CARP – A New Vision of Aging – has been pushing Ottawa for an expansion of the CPP.