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Cake day: October 18th, 2024

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  • Over 25 years ago Canada realized we would be facing the same issue so the feds started a Canadian Pension fund to invest in stocks.

    Canada Pension Plan Investment Board (CPP Investments) was created in 1997 by an Act of Parliament to respond to projections that the employee contributions to pay retirements benefits was not sustainable.

    It was determined that a professional investment management organization would be able to grow the fund through investment income to help ensure the CPP remains sustainable for the long term. CPP Investments prudently invests the amounts transferred to us by the CPP, helping to provide a foundation on which Canadians can build financial security in retirement.

    After an initial transfer of $12 million from the CPP, we began investing in publicly traded stocks in 1999.

    https://www.cppinvestments.com/faqs/