For those Canadians who worry that our CPP benefits will run out before we do. You can rest easier. It will not!
Our nation’s pension plan (Canada Pension Plan or CPP) has a stellar report card. Its investment board reported on our collective Canadian plan with the following performance –
1) it has earned a very respectable 10.7% 10-year annualized rate of return at the time of this writing;
2) according to the Chief Actuary of Canada, the plan is sustainable over the next 75 years;
3) our collective retirement nest egg has grown to $434 billion.
Here’s the link to obtain more information and details on how CPP invests our money – https://www.cppinvestments.com/the-fund