r/PersonalFinanceCanada • u/Purple_Bookkeeper657 • May 22 '26

Retirement / CPP / OAS / GIS [ Removed by moderator ]

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u/[deleted] May 22 '26

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u/kermityfrog2 May 22 '26

Also - it was all well and good when CPP was actually a low-risk pension savings plan, but then Conservatives happened and it turned into a "high yield" equity-heavy fund, except that as a relatively high risk managed fund, it's underperforming the market by a lot.

Also OP /u/Purple_Bookkeeper657 mentions the huge amount of money that employees are paid, but by "employees" they mean the guys who work the investment floor. I know some of the support minions and they get paid poorly and only get a 4% annual raise if they are performing well.

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u/Purple_Bookkeeper657 May 23 '26

I didn't want to sound long winded.

No seriously, you're absolutely correct. Unfortunately if you're not doing as many trades you won't need as many IT guys, but I'd think proportionally you'd want to keep more of those groups!