tag:blogger.com,1999:blog-7288252569905355792.post1204141188615803808..comments2023-11-03T05:38:57.774-04:00Comments on Fair Pensions For All: The RRSP Credit IdeaUnknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-7288252569905355792.post-55439524570816583902011-01-28T09:51:19.396-05:002011-01-28T09:51:19.396-05:00It's easy to say that incentives like this wou...It's easy to say that incentives like this would encourage people to plan for retirement earlier but real life shows that often this is not the case. Short term considerations most often outweigh long term planning to everyone's detriment. Only 3% of eligible Canadians hit their <a href="http://andrewjohns.ca/tax_free_savings_account" rel="nofollow">RRSP limit</a>. Numbers like this will, sadly, escape most Canadians who understand the concept only in vague terms like "it's good if I save". That understanding will not be changed much by these reforms and thus behavior will not be greatly altered. We should push better education instead.Jeffery Cloydnoreply@blogger.comtag:blogger.com,1999:blog-7288252569905355792.post-70858740474740586122010-11-26T05:16:01.580-05:002010-11-26T05:16:01.580-05:00Bill. Good blog.
The latest actuarial report for...Bill. Good blog.<br /><br />The latest actuarial report for the CPP (25th actuarial report) was released recently. It looks like they have figured out "a better way" to calculate the unfunded liability of the CPP.<br /><br />Under the old way (the closed group method) the unfunded liability on Dec. 31, 2009 is 748 billion$<br /><br />Under the new way (the open group method) the unfunded liability on Dec. 31, 2009 is 6.9 billion$<br /><br />If you get a chance in the future I would appreciate your thoughts on this matter of figuring out "a better way" to calculate the unfunded liability of the CPP.<br /><br />The following link is to the 25th actuarial report of the CPP which was tabled before parliament on Nov.15 , 2010<br />The topic of unfunded liabilities and the closed and open group methods of calculating it are covered on pages 70 - 72.<br /><br /><a href="http://www.osfi-bsif.gc.ca/app/DocRepository/1/eng/oca/reports/CPP/CPP25_e.pdf" rel="nofollow">http://www.osfi-bsif.gc.ca/app/DocRepository/1/eng/oca/reports/CPP/CPP25_e.pdf</a>Anonymousnoreply@blogger.com