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1. CPP is not ‘low cost’

   Appeared in the Toronto Sun, February 8, 2016 A recent meeting of Canada’s finance ministers rightly put the brakes on the federal government’s proposal to expand the Canada Pension Plan (CPP). After all, the evidence shows such reform is unnecessary and ...

2. Comparing the Costs of the Canada Pension Plan with Public Pension Plans in Ontario

   Proponents of the CPP and those who argue for its expansion often claim it has low costs and economies of scale, whereby the ratio of costs to assets declines as the value of assets under management grows. This paper examines that claim by comparing the ...

3. Accounting for the True Cost of the Canada Pension Plan

   The Canada Pension Plan Investment Board reported its operating expenses as $490 million in fiscal 2012–13, or 0.28% of its assets, up from 0.11% six years earlier, touting this as a measure of its efficiency and low costs. However, this definition of ...

4. Once all the costs are counted, the Canada Pension Plan isn't a model of efficiency

   Appeared in the Financial Post In the recent debate over an expanded Canada Pension Plan (CPP), its low cost was offered as one of the main benefits for larger government-managed pensions. The Ontario government, introducing its own version of the CPP, ...