Canada Pension Plan Investment Board (CPPIB) is inviting all Canadians to its public meeting on June 6 by joining its live webcast. Here is more information if you would like to take part:
Why does CPPIB hold public meetings?
It is required to hold public meetings every two years to give Canadians an opportunity to hear about where their pension fund is being invested, and how it is performing financially. The meetings also give people a chance to pose any questions they have to its senior executives.
How can I participate?
There are two ways Canadians can participate in the public meeting: by watching the webcast or by attending one of the live events.
Anyone interested in viewing or participating in the live webcast can find more information at www.cppib.com. Participants are encouraged to pre-register and submit any questions.
If you can make it in person on June 6, CPPIB will hold live meetings in each of the nine provinces where Canadians contribute to the CPP. You can find information about each of these events on the website.
What if I miss the broadcast and meeting?
The webcast will remain on the website after June 6 so that anyone who missed the live event can view the meeting.
Is my CPP pension secure?
Yes. The Chief Actuary of Canada examines the financial health of the Canada Pension Plan every three years. In his latest report issued in December 2013 he reaffirmed that the CPP remains sustainable at the current contribution rate throughout the 75-year period of his report.
How does the CPPIB operate?
It is a professional investment management organization that invests the assets of the CPP not currently required to pay benefits, on behalf of the plan's 19 million Canadian contributors and beneficiaries. CPPIB invests in public equities, private equities, bonds, private debt, real estate, infrastructure and other areas. The assets of the CPP Fund totaled $282.6 billion at December 31, 2015.
