Pension!

[hamon]

Here are questions a few friends started talking about a few days ago, let's see what people here suggest?

1 - What is the best managed pension in Canada?
2 - What is the biggest pension in Canada?

[tjthemanto]

The Ontario Teachers Pension Fund & Canada Pension Plan ( CPP ) are very big.

Can't say if they are well managed or not as both of them suffered lot of investment losses last year when the stock market crashed .

Most pension funds invest their money in the stock markets & could be underfunded depending on the investment losses .

Also if the retirees are more than the current employed workers it just becomes a ponzi or pyrammid scheme after a while . The current employees contribute & pay the retired employees pension but by the time they reach pension age themselves there is not much left for them as the pension plan is underfunded.

[hamon]

The Ontario Teachers Pension Fund, that's basically what we thought.. we were also discussion Banks ect.. as they might possibly be managed efficeiently.

[adamtheman]

The Ontario Teachers Pension Fund is massive. Their website says they have 87.4 billion dollars in assets. They also own 58% of the Toronto Maple Leafs.

[marc_t]

Best managed in terms of?
Biggest in terms of assets managed?

Caisse de depot et placement, 120 B http://www.lacaisse.com/en/
Canada Pension Plan, 116 B http://www.cppib.ca/

PSP is a notable player as well, 34 B www.investpsp.ca
The Public Sector Pension Investment Board (PSP Investments) is a crown corporation established by Parliament by the Public Sector Pension Investment Board Act (September 1999).

[CUVShopper]

A more important question might be "which pension funds offers their members the best pension at retirement"

Probably Teachers?

[actuarial]

A more important question might be "which pension funds offers their members the best pension at retirement"

Probably Teachers?

OMERS is right up there, though they offer different benefits depending on the membership. For police their benefits are pretty much at the limit that you are legally allowed to offer in a registered plan.

[speedyforme]

what is the limit on pension?

[TrevorK]

what is the limit on pension?

Limit of what?

Limit of benefits they can pay out? In our plan, which is fairly large, it is all based on what you pay in. You don't "max out" at a certain level of income.

[speedyforme]

Limit of what?

Limit of benefits they can pay out? In our plan, which is fairly large, it is all based on what you pay in. You don't "max out" at a certain level of income.

I was referring to someone posting this: "For police their benefits are pretty much at the limit that you are legally allowed to offer in a registered plan."

Although I am not sure if they are talking about benefits or pension specifically. I think our spells out 70% max.

[speedyforme]

Q: if we are talking about FUNDING a pension, what would someone like me an employee care about the funding limits when we earn 2% per year of service?

[speedyforme]

http://www.omers.com/Employers/Supplemental_Plan__Police__firefighters__paramedic s_/How_is_the_pension_calculated_/Maximum_pension_limit.htm

Is that link saying that if my pension exceeds a cetain amount that it's capped?