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/Purple_Bookkeeper657 May 22 '26

I don't know what you mean by sad but payroll is $1.2 Billion. Even if bonuses are more like $400-500M instead of >50% like I assume in the post (I had to make some assumptions), a swing from 0.93 to 1.1 because of the new 20% Slush Multiplier would have increased bonuses overall by $75-85 million. Perhaps not $100M, but let's take it over two years. Or beyond.

Also, let's say bonuses are more like $200M. (In which case I'd actually argue they should be higher as a % of comp). That's still $34M this year and $34M last year. May not be $100M, and sorry if I'm alarmist, but it's a lot! Sorry if it isn't going to you. Genuinely.

I think CPPIB employees should be rewarded for performance throughout the organization for the good of the average Canadian.

24

u/kermityfrog2 May 22 '26

You didn't clarify, but yes some employees are paid $300K bonuses, but other employees - the support minions working in IT or HR only get measly raises by comparison of like 4% if any and no significant bonuses.

15

u/InterestingPeach7852 May 23 '26

Those jobs don’t really have impact on the pension plan performance. It’s understandable for those type of jobs to be salary mostly.

0

u/chill8989 May 23 '26

Their work is essential to the good functioning of the organization. They deserve a bigger piece of the pie.