The Canada Pension Plan, on new terrain

Around this time a year ago, we argued that provincial and federal governments in 2016 chose to transform rather than merely expand the Canada Pension Plan. With the publication of the financial sustainability regulations for the enhanced CPP benefit, the nature of that transformation has become clearer.

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Pre-Funded Pensions and Social Solidarity

When finance ministers agreed to expand the Canada Pension Plan in June 2016, they didn’t give Canadians a simple expansion of the Canada Pension Plan. In important respects, they created a new and different social security benefit. And that’s the way governments view it.

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