kEiThZ
Superstar
government using a pension plan as a slush fund is illegal....that's why that part does not bother me.
Quebec uses their provincial pension fund to invest in infrastructure. So it can be done.
government using a pension plan as a slush fund is illegal....that's why that part does not bother me.
There is nothing wrong (or illegal) for a pension fund to invest in infrastructure...as part of their overall investment portfolio. It cannot, however, be a government controlled "slush" fund that is a debt substitute...that is what I don't fear.Quebec uses their provincial pension fund to invest in infrastructure. So it can be done.
There is nothing wrong (or illegal) for a pension fund to invest in infrastructure...as part of their overall investment portfolio. It cannot, however, be a government controlled "slush" fund that is a debt substitute...that is what I don't fear.
Pension funds across Canada (in fact the world) have been allocating portions of their portfolios to infrastructure because they can negotiate very high returns....higher IRRs than they can get in other, more traditional, parts of their portfolios. Their target rates of return on infra exceed most of their other portfolios. But they are still a) independently managed/reviewed (ie. not instructed by government) and b) a portion (varies by fund) of the total.
There is nothing wrong (or illegal) for a pension fund to invest in infrastructure...as part of their overall investment portfolio. It cannot, however, be a government controlled "slush" fund that is a debt substitute...that is what I don't fear.
Later on, we could declare provincehood, and if that is not enough, independence.If the Province is getting in the business of the CPP, maybe the City of Toronto should print their own money. Maybe Toronto could have their own military to prevent those 905'ers from clogging up the Yonge line.
I thought I read that this is the richest generation of retired people - showing that the current tools for savings are working (RRSP, TFSA)
Is that what Paul Martin did with EI when he was federal Finance Minister - essentially showing a balanced budget due to a shell game with the money?There is nothing wrong (or illegal) for a pension fund to invest in infrastructure...as part of their overall investment portfolio. It cannot, however, be a government controlled "slush" fund that is a debt substitute...that is what I don't fear.
If you think EI and pension plans are the same thing....then we have little common ground to discuss from.Is that what Paul Martin did with EI when he was federal Finance Minister - essentially showing a balanced budget due to a shell game with the money?
Later on, we could declare provincehood, and if that is not enough, independence.
If the Province is getting in the business of the CPP, maybe the City of Toronto should print their own money. Maybe Toronto could have their own military to prevent those 905'ers from clogging up the Yonge line.
I thought I read that this is the richest generation of retired people - showing that the current tools for savings are working (RRSP, TFSA)