Canada’s public pension programs appear robust in the long term; retirees can be confident of receiving their monthly pension cheques for 50 more years. However, the programs are subject to stresses that could ultimately affect retirees’ revenues.
Let’s start with the largest of the pension providers, the Canada Pension Plan (CPP).In the last 10 years, the reserve has grown by $235 billion at an average nominal yearly rate of 9.9%. The fund has done well in the coronavirus market crash and recovery. It closed the 2020 fiscal year (ending March 31, 2020) with a gain of 3.2%, and has made 16% by end of 2020, increasing its asset base to $476 billion.
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