September 2014

Fraser Institute misleads on costs of Canada Pension Plan

The Fraser Institute has released a new report purporting to show that the real cost of operating the Canada Pension Plan is $2 billion per year, or four times as much as shown in the financial statements of the CPP Investment Board.

The study confuses the cost of operating the Canada Pension Plan, and the operating expenses of the CPP Investment Fund. The latter are just $490 million or 0.28% of assets. These...

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