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CURC advocates politically for the interests of pensioners. Specifically, they campaign for strengthening private pensions, [5] expanding the Canada Pension Plan, [6] increasing the Guaranteed Income Supplement, and gradually lowering the retirement age. [7] The group also organize social functions such as reunions and picnics.
As noted in the 27th Actuarial Report on the Canada Pension Plan, if one uses the "closed group approach", the plan has an enormous unfunded liability. As of December 31, 2015, the CPP's unfunded liability was $884 billion, which is the difference between its liabilities ($1.169 trillion) and its assets ($285 billion).
The Canada Pension Plan Investment Board (CPPIB; French: Office d'investissement du régime de pensions du Canada), operating as CPP Investments (French: Investissements RPC), is a Canadian Crown corporation established by way of the 1997 Canada Pension Plan Investment Board Act to oversee and invest the funds contributed to and held by the Canada Pension Plan (CPP).
Despite opinion pieces claiming the imminent demise of DB plans in Canada, [7] Statistics Canada information verifies only a slight decline in the number of plans over the most recently available five-year period (9,304 in 2017 to 9,022 in 2021 – a 3.13% reduction). [8]
Mark Machin (born 1966) is a British [1] investor who served as President and CEO of the Canada Pension Plan Investment Board between 2016 and 2021. [ 2 ] [ 3 ] Machin is currently a non-executive director for Serendipity Capital, a Singapore-based venture capital group.
In May 2012, the Government of Canada under Stephen Harper announced that the government would replace the review tribunal with a newly formed Social Security Tribunal of Canada, which would be made up of 74 members. [2] The change was implemented in April 2013. [4] The new body was tasked with hearing all appeals of CPP, OAS, and EI decisions. [4]
Ontario regulates approximately 8,350 employment pension plans, which comprise more than 40 per cent of all registered pension plans in Canada [1] It was originally enacted as the Pension Benefits Act, 1965 (S.O. 1965, c. 96), and it was the first statute in any Canadian jurisdiction to regulate pension plans.
The Public Sector Pension Investment Board (PSP Investments) is a Canadian Crown corporation established by the Parliament of Canada in September 1999 through the Public Sector Pension Investment Board Act. PSP Investments is one of Canada's largest pension investment managers, with CAD $264.9 billion of net assets under management in fiscal ...