Posted by: youngragingbull | May 16, 2013

CPP posts 10%+ return last year

Canada’s national pension plan gained $21.7 billion in assets in its last fiscal year, a return on investment of more than 10 percent and better than five times the current inflation rate.

The Canada Pension Plan Investment Board (CPPIB) had $183.3 billion in assets at the end of March, the end of the plan’s fiscal year. That’s up from $161.6 billion at the end of last year.

The increase was attributed to $16.2 billion in investment returns and $5.5 billion in net new contributions from plan members.

CPPIB is the agency responsible for investing the pension fund assets not currently needed to pay benefits on behalf of 18 million contributors and beneficiaries. The Chief Actuary of Canada says that at the current contribution rate, the Canada Pension Plan should remain sustainable for the next 75 years.

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