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Putting Some Gold in the Golden Years: Fixing the Canada Pension Plan
Summary:
| Citation | William Robson. 1996. "Putting Some Gold in the Golden Years: Fixing the Canada Pension Plan." ###. Toronto: C.D. Howe Institute. |
| Page Title: | Putting Some Gold in the Golden Years: Fixing the Canada Pension Plan – C.D. Howe Institute |
| Article Title: | Putting Some Gold in the Golden Years: Fixing the Canada Pension Plan |
| URL: | https://cdhowe.org/publication/putting-some-gold-golden-years-fixing-canada-pension-plan/ |
| Published Date: | January 1, 1996 |
| Accessed Date: | January 13, 2026 |
Outline
Outline
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Canada’s government-run income pension system, made up of the Canada and Quebec Pension Plans (CPP/QPP), is run on a pay as you go basis. With only minimal prefunding in the CPP account, the CPP is a Ponzi scheme in which the benefits of each cohort of participants are paid from subsequent cohorts’ contributions. Pay-as-you-go plans have serious economic and political flaws. This study makes three recommendations on how policymakers can meet these challenges.