This article originally appeared on Behind the Numbers on October 27, 2016 by Allan Moscovitch, Richard Lochead and Nick Falvo, and is re-published here with permission.
This fall, Canada’s Parliament will debate a recent proposal to expand the Canada Pension Plan (CPP). Indeed, since the 2008-2009 world financial crisis, Canada has witnessed a renewed public debate on the CPP. Two factors have prompted this. First, as a result of the crisis, employer-sponsored pension plans lost substantial value. Second, partly in response to this loss in value, many employers either reduced their pension coverage or stopped offering them to workers altogether.
With all of the above in mind, here are 10 things to know about the CPP: