Supplement to CPP pension best solution: Denison

President and CEO of CPP Investment Board also touts hybrid model
|hrreporter.com|Last Updated: 09/28/2009

When it comes to the debate about a retirement savings system in Canada that is sustainable and sufficient, one of the best solutions is adding a pure supplemental pension benefit on top of the existing Canada Pension Plan (CPP), according to the president and CEO of the CPP Investment Board.

“This approach would maintain the CPP’s core benefits just as they are today but target the supplemental layer solely for pension benefits,” said David Denison, speaking at the 16th International Conference of Social Security Actuaries and Statisticians in Ottawa on Sept. 16.

“Consequently, any additional contributions would provide proportionately greater pension coverage than the existing core CPP.”