Tag: CPP

Nearly half of national public pension plan is invested in U.S. — and only 12% in Canada | CBC News

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As a former top Finance Department official, Susan Peterson played a key role years ago in creating the stable Canada Pension Plan that we see today. But even she was surprised by the numbers. A few weeks ago, the Canada Pension Plan Investment Board (CPPIB) revealed that 12 per cent of the CPP’s assets are invested in Canada — its lowest level ever. The largest chunk of its $714-billion fund, 47 per cent, is currently invested in the United States — its highest level ever. Read full story here: Nearly…

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Another Costly Federal IT Glitch Gets Resolved – Ten Years Later | CBC News

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A computer glitch dating back to 2009 has been fixed at last, allowing the federal government to resume chasing down thousands of Canadians who owe the Canada Pension Plan (CPP) about $66 million due to erroneous overpayments. Employment and Social Development Canada (ESDC) reinstated the collection of these old debts last November, going after 15,000 individuals or their estates after almost a decade of inaction. Read full story here: Another Costly Federal IT Glitch Gets Resolved – Ten Years Later | CBC News

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