I read that the cost of administering the Canada Pension Plan is 0.25%, as opposed to more than 10% or 20% in administration costs for defined benefit plans or even RRSPs. There are clearly economies of scale to be had in a public plan.
National President, Canadian Office and Professional Employees Union
I read that the cost of administering the Canada Pension Plan is 0.25%, as opposed to more than 10% or 20% in administration costs for defined benefit plans or even RRSPs. There are clearly economies of scale to be had in a public plan.
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