Expanding CPP Has Little Impact, Study Shows

Expanding CPP Has Little Impact, Study Shows

Postby CLS » Thu Jul 23, 2015 3:47 pm

According to a study released July 21, 2015 from the Fraser Institute, expanding the Canada Pension Plan may do little to increase the overall financial health of Canadians because of the likely corresponding decrease in private savings levels. The study examined savings behaviour for the period from 1986-2008. It found that as CPP contribution rates were increased, money allocated to private savings vehicles decreased. The result was an offset that did not increase the overall benefits or funds available to most individuals. For more information, see an article from the Globe and Mail at http://www.theglobeandmail.com/report-on-business/cpp-boost-unlikely-to-increase-retirement-income-report-says/article25596111/.
Kathryn M. Bullon, B.Sc., J.D., M.Ad.Ed.
Legal Education Co-Coordinator
Community Law School
Site Admin
Posts: 272
Joined: Fri Jan 25, 2008 5:20 pm

Return to Canada Pension Plan/Old Age Security

Who is online

Users browsing this forum: No registered users and 1 guest