There is a great deal of interest
in Canada in the expansion, or non expansion of the Canada Pension Plan. The
Fraser Institute has put out a few press releases that claim that an increase
in the contributions to the Canada Pension Plan, would not benefit seniors. The
people who would not benefit are those who did not contribute to the plan and
those who are collecting the Guaranteed Income Supplement (under current rules,
increases in income are subtracted from the Income supplement).
I found a blog
post at Pension 360 that offers a counter argument to the Fraser Institute. The
mainstream media has offered up the Fraser Institutes report as
"truth" but have not looked at other views. The post
Another Shot Against Expanding the CPP? was
written by by Leo Kolivakis who
is a blogger, trader and independent senior pension and
investment analyst. This post was originally published at Pension Pulse.
I would recommend The Pension 360
blog because it is a comprehensive online resource for
data, news, trends and analysis on public pension plans both in the US and
Canada. They focus on State and municipal systems. They serve those
with an interest in public pension funds: executive staff, pensioners,
academics, trustees, actuaries, journalists and concerned citizens. With
all the noise, confusion and conflict surrounding pensions, their goal is to
provide the facts, consolidate the commentary, and dispel the myths.
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