They The CPP as a Safety Net: The Reflex and ramped up the contribution rate to 9.9 percent to the Reality build a stock of assets that, while well short of full funding in the sense of discharging the CPP’s In the wake of the 2008 crisis and slump, obligations at a point in time, would yield enough sagging financial assets and threatened or actual investment income to prevent the rate rising agai [...] The reforms also provided on the RRB as of the beginning of June 2011 has that if the Chief Actuary calculates that the major implications for the contribution rate the minimum contribution rate to sustain the plan CPP needs to pay its benefits. [...] Table 1 reproduces needs to rise and Ottawa and the provinces fail to the Chief Actuary’s projections of the minimum approve an increase, price-indexation of benefits contribution rate to keep the CPP financially will cease – cutting their real value to recipients. [...] Following the latest of the contribution rates required with net real federal/provincial review of the CPP in 2009 – returns based on recent RRB yields, after allowing and the 2011 Quebec Budget for the CPP’s sister for 7 basis points of expenses.7 I use 1.53 percent, Quebec Pension Plan (QPP) – new amendments the RRB yield as of the evaluation date (31 to the Q/CPP will further reduce the retirem [...] They can invest in assets that do not A cogent objection to using the RRB yield to match plan liabilities in the knowledge that their evaluate the CPP would be that the CPP is not, in benefits are aspirations – targets that may be fact, a defined-benefit plan.