Should the employee contribution rate for the Canadian Pension Plan (CPP) be raised above its current 4.49% rate?
The Canadian Pension Plan (CPP) is public program that requires all employed Canadians to contribute a percentage of their earnings, with their employer matching the amount, to a nationally administered pension plan. Currently, the employee contribution rate is set at 4.95% up to a maximum of $2,356.
@4T2DJV23yrs3Y
People should not give their money to the government
@9H6XNKXConservative4mos4MO
No. Retirement age should be raised immediately. After that should be assessed and raised according to average life expectancy.
@9GZYG4J4mos4MO
No, and any Canadian get to retire at any desired age and repeal the Canadian Pension Plan so it would become private pension plan instead.
@9GPTJ2D5mos5MO
Yes, the CPP employee contribution should be adjusted at pre-determined intervals to ensure there are sufficient funds to meet current and projected needs.
@8V2CPTG3yrs3Y
I'm happy with the current amount
@8RJ5L743yrs3Y
Yes, we should raise it at and additional 25%-30%, allow wage earners to contribute more.
@9F2XS9M7mos7MO
If this rises that creates an inflation, making a person pay more. They still would be receiving more but it would cancel out because of the inflation rate. Therefore, you would be receiving less on your paycheck.
@9DZP8FJ7mos7MO
@9DQSF447mos7MO
There should be an option to allow a person to opt out or add more if their income is higher. To allow early retirement.
@9D4R2DY8mos8MO
No, but allow employees the option to opt out of the CPP in order to in order to invest in a private pension plan as well as the option for employees to increase their contribution to a maximum of 15%
@9CQJF7L9mos9MO
No, it should be abolished and education on self-investing for your future retirement should be promoted.
@9C8YBHH10mos10MO
It should be the choice of the businesses
@9BZ2SK611mos11MO
No, but maybe give employees the choose a higher rate if they wish
@2CQ5M4X12mos12MO
No, instate UBI and abolish pensions
@997CMSM1yr1Y
Incorporate CPP into a UBI system
@992C8R91yr1Y
No. Eliminate the CPP and return funds back to employees. People should be free to invest their own money and not thru CPP.
@98WZ87R1yr1Y
Adjust it to the cost of the living
@97NBDHX1yr1Y
No, but raise the maximum rate so high wage earners can contribute more
@97BF2DT1yr1Y
yes but that money should be directly tied to the individual that earned it
@94WNW8F2yrs2Y
No, CPP contributions should be stopped by implementing a universal basic income for all citizens instead.
@8VV3BLT3yrs3Y
No. Make CPP contributions optional for most workers/companies. Raise maximum for high income earners.
@8VSHYWL3yrs3Y
Nobody is gonna benefit from this in 30 years. You’re making people pay money for repayment they’ll never receive.
Increase Canadian pension Plan payouts: but remove the employee contribution rate.
@8VP8N5R3yrs3Y
CPP contribution rates should increase proportional to income, similar to income taxes.
@8VH6L233yrs3Y
No, and the CPP should be abolished.
@8VH22SV3yrs3Y
The Canadian pension plan should be capped for small business but large corporations should pay a larger percentage.
@8VH294R3yrs3Y
@8V8LQD4New Democratic3yrs3Y
No, most of the younger generation just starting to work or starting post secondary education won’t even see a pension. Why should they have to pay more into it?
@8TYN53SLibertarian3yrs3Y
Stop taking it and let Canadians decide how to invest that money for there futures.
@8TWWMMJConservative3yrs3Y
Regardless, allow employees to contribute more or opt-out.
@8TNJXJK3yrs3Y
Less government dependence is a good thing.
@8SHRW853yrs3Y
Multi-employer Pension Plan (MEPP)
@8SF7HN33yrs3Y
Regardless, allow employees the option to contribute an additional 5%-10% or opt-out of the CCP and invest in a private pension plan.
Only if they have enough to spare
@8QVVFRN3yrs3Y
Employees should have the option to contribute an additional amount. However higher premiums would encourage businesses to hire fewer workers, at a time when fewer workers are how businesses do it now
@8QN2PKL3yrs3Y
No, it is already being mismanaged as it is.
@8QFS26J3yrs3Y
Regardless, allow employees the option to contribute an additional 5%-10%, raise the maximum rate so high wage earners can contribute more, and allow employees the option to opt-out of the CPP and invest in a private pension plan
@8PJQWSR3yrs3Y
@8NVX5TH3yrs3Y
The CPP should be phased out/eliminated.
@8KLHHQY3yrs3Y
Yes, we should raise it to 9.43%
@8FRYPJB3yrs3Y
I dont think about old age pension enough
@8CG85VWLibertarian4yrs4Y
No, and encourage private retirement investment
@8PZYHPK3yrs3Y
Regardless, allow employees the option to contribute an additional 5%-10% Regardless, raise the maximum rate so high wage earners can contribute more.
@8ZR8QDRConservative2yrs2Y
No, lower taxes and allow Canadians to choose how they fund their pension.
@8XZYC7Y2yrs2Y
abolish the CPP and replace it with a privet fund
Regardless, allow employees the option to opt-out of the CPP and invest in a private pension plan, allow employees the option to contribute an additional 5%-10%, especially higher wage earners
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