Canada Pension Plan is safe for generations, says CEO of investment board
In his travels to every province and one territory over the last 17 months, British-born Mark Machin was struck most by one thing about Canadians.
“There’s still this myth that’s circulating that the Canada Pension Plan won’t be there when you retire,” said the CEO of the CPP Investment Board, the largest pension fund in the country that manages a $328-billion investment portfolio on behalf of 20 million Canadian workers and retirees.
“You ask the average person — stop anyone on the street — and they’ll say the CPP won’t be there . . . . It’s amazing,” Machin said.
“Overall it’s the envy of the world.”
Read the full interview @thestar.com
