Financial review of the Canada Pension Plan (CPP)
By legislation, every three years, the federal and provincial ministers of finance shall review the state of the Canada Pension Plan (CPP) and may make recommendations as to whether benefits or contributions rates or both should be changed.
The factors to be considered are:
- the most recent statutory actuarial report prepared by the Chief Actuary tabled in Parliament;
- any more recent estimates of the Chief Actuary;
- to maintain a relatively stable ratio of assets to expenditures over a long time horizon by determining a rel