CPP is one of the best retirement assets money can buy, despite what the skeptics say : canada | r-slurs pretend the CPP is anything but a massive scam.

Remember if you die before retirement your family gets literally nothing. If you die after retirement your spouse gets half. Terrible risk compared to a private option.

LOL please tell me more about this "great asset", an asset so great that I could theoretically contribute to it for 40 years but, if I end up dropping dead at age 65.1, would end up getting essentially zero (excluding the pitiful 'survivor's pension')

If you drop dead at 65.1 you also get essentially zero of any of your other retirement assets, since you're dead

What an r-slur reddit tier comment.

If it's such a great investment why does it need to be mandatory?

So it can function as a ponzi scheme if need be

Because not everyone has the sense or willpower to save for the years they cannot work. In a country with a social safety net, you and I would otherwise be paying for those people's retirement. I'd prefer they fund it themselves.

A lot of anti-socialism folks tend to hate on the CPP but the alternative is even more socialist.

I don't know a single person who relies on their CPP who doesn't also need some other form of welfare.

So they should just say that. Why lie about it being a good "asset." It's not even an asset, it's a liability for workers and it pays out only if you live long.

And that's assuming the government still wants to pay you out by the time you retire. There's no guarantee they don't just scrap the program and take the money for something else.

All good points.

It's absolutely an asset. Yes, it has uncertain returns. Many assets do.

It's an "asset" you can't barrow against, can't withdraw from until the gov says so, can't be passed on to your next and kin and disappears entirely if you die.

This is kinda how I see it as well.

Personally, I fricking hate the CPP. I'd get far better returns investing that money myself. With that being said, I understand its existence, because I also understand how truly idiotic some people are with money.

Just look at how many elderly people right now rely/relied solely on CPP to fund their retirement, it's a joke. If there was no CPP, then sure, some would have saved that money… but lots would be fricked and be a huge bane on our social services if there was no system in place.

Then stop being a cuck and do what 95% of all !leafs do and commit tax fraud.

How is this an asset. I can't borrow against it. I can't sell it. I can't pass it on to my children. It is not included in my net worth.

/u/Long_Ad_2764 asking the real questions!