Refine by MP, party, committee, province, or result type.
Finance committee I would just say that the 27th actuarial report that we just released has reviewed the actuarial factors, and they are still cost neutral to the plan. But they were reviewed in the 27th actuarial report just recently.
November 14th, 2016Committee meeting
Michel Montambeault
Finance committee To the enhancement it's the same factors as under the base CPP.
November 14th, 2016Committee meeting
Michel Montambeault
Finance committee Yes.
November 14th, 2016Committee meeting
Michel Montambeault
Finance committee Correct.
November 14th, 2016Committee meeting
Michel Montambeault
Finance committee Right now, based on our report and the assumptions we have made, we have come up with minimum contribution rates for the enhanced at 1.93% and 7.72%, and the legislated rates are at 2% and 8%. The rates that I calculate say this is the minimum required to financially sustain the
November 14th, 2016Committee meeting
Michel Montambeault
Finance committee As I said, the contribution rates to the enhancement will be much more sensitive to the investment results.
November 14th, 2016Committee meeting
Michel Montambeault
Finance committee Yes. This is why in the 28th actuarial report we have assumed a different real rate of return than under the base CPP. Because the contribution rates are so sensitive to the rates of return, you want to have more stable returns and maybe a less volatile portfolio. But CPPIB at th
November 14th, 2016Committee meeting
Michel Montambeault
Finance committee Yes. The current CPP monies will be invested as they are currently by the CPPIB. There will be a separate account set up by the CPPIB for the monies related to the CPP enhancement.
November 14th, 2016Committee meeting
Michel Montambeault
Finance committee The latest actuarial report, the 27th, shows the legislated rate as 9.9%, but our latest actuarial valuation on that base plan, which is the 27th report, said the minimum rate you could charge to sustain the plan over the long term was 9.79%.
November 14th, 2016Committee meeting
Michel Montambeault
Finance committee Yes.
November 14th, 2016Committee meeting
Michel Montambeault
Finance committee I'm not too sure where....
November 14th, 2016Committee meeting
Michel Montambeault
Finance committee The financing objective of the plan is to fully fund the projected future expenditures. When you are in a world where you have to fully fund your benefits, the expectation, and what happens, is that 70% of your revenues will come from investment. To have a 50%-50% would mean that
November 14th, 2016Committee meeting
Michel Montambeault
Finance committee Yes, we do that every three years.
November 14th, 2016Committee meeting
Michel Montambeault
Finance committee The financing is from general revenue, so we prepare the projections of OAS benefits. Of course, there are no revenues, no contributions, in OAS. We project future benefits every three years.
November 14th, 2016Committee meeting
Michel Montambeault
Finance committee Yes.
November 14th, 2016Committee meeting
Michel Montambeault