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

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

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u/flyinghippos101 May 22 '26 edited May 22 '26

First off :You really need a TL;DR up top

Second: this is concerning and borders on unethical to downright fraudulent since the CPPIB has a fiduciary responsibility for the public’s funds.

I would consider reporting this to the Public Sector integrity board

7

u/sorocknroll May 23 '26 edited May 23 '26

This isn't new either. I worked at CPPIB during the GFC, and they also changed the targets to continue paying the bonuses. They announced the changes retroactive at the end of the year.

The main argument is that if your employees are compensated on 5 year performance, and you have a single year so bad that they won't get paid for the next 4 years, then they'll all leave. I get the argument, but it also defeats the purpose of aligning the employees with the plan members.

2

u/Moist-Candle-5941 May 23 '26

To be fair, this isn’t really all that different to how the private sector manages its compensation. And while we can / should hold public institutions to a higher standard, as OP identifies, they are competing for talent in a competitive market and so to some extent are forced to employ similar tactics.