http://ca.finance.yahoo.com/news/Canada-Pension-Plan-Fund-hits-capress-2688027492.html?x=0
"The Canada Pension Plan Fund ended the third quarter of fiscal 2011 with record holdings of $140.1 billion, buoyed by strong stock markets around the world."
"That's up from the previous record of $138.6 billion at the end of the second quarter, when a rebound in stock markets enabled the fund to push beyond its pre-recession high."
"In 1966, when the CPP was launched, there were 6.5 workers for every retiree. In 2005, that ratio dropped to five workers per pensioner and by 2055, it is projected there will be only two workers for every retiree."
"The report also indicated that CPP contributions are expected to exceed annual benefits paid out until 2021, meaning that income from CPPIB investments won't be required to help pay pensions for 10 years.
"The fact that Canada's national pension scheme is absolutely rock solid and sustainable is a wonderful story," Denison said.
"We are in a very select group of countries around the world that can claim that," he said.
"The Canada Pension Plan Fund ended the third quarter of fiscal 2011 with record holdings of $140.1 billion, buoyed by strong stock markets around the world."
"That's up from the previous record of $138.6 billion at the end of the second quarter, when a rebound in stock markets enabled the fund to push beyond its pre-recession high."
"In 1966, when the CPP was launched, there were 6.5 workers for every retiree. In 2005, that ratio dropped to five workers per pensioner and by 2055, it is projected there will be only two workers for every retiree."
"The report also indicated that CPP contributions are expected to exceed annual benefits paid out until 2021, meaning that income from CPPIB investments won't be required to help pay pensions for 10 years.
"The fact that Canada's national pension scheme is absolutely rock solid and sustainable is a wonderful story," Denison said.
"We are in a very select group of countries around the world that can claim that," he said.
