From CGI's Cmanynames. CGI is RMN's readers forum.

I was out reading the news

http://www.cbc.ca/news/business/cpp-private-pension-bankruptcy-1.3647128

Snip

Now that Bill Morneau conquered the CPP it's time to move on to a harder pension problem
With such widespread support for Finance Minister Bill Morneau's latest pension reforms, perhaps the government will finally have the confidence and wisdom to solve the other giant pension problem: the case of the missing money.

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I added a comment, off the cuff,
and got disabled.
and a BIG PINK LINE

to tell me I didn't saying that I said 'something off tune.'
so here is the comment to what I saw.

Cathy XXXXXXX
@Sam Montana

Oh Dear
how old are you?

It is a thinking process thing with me.
I'm over 60
and I had my own
xy and z
I loved math
and trig
I must tell you not necessary
just in most recipes.

here is a scenario;
let's say jobs stay the same
and the hugely readjusted
unemployment numbers go up
and not down.

I don't listen to the US numbers
they do this overtime a President leaves
and they seem to be consistent within
5.4 5.8 5.7
could in the fours -- for how long
10 days --- whatever
some people have quit looking
and they are not counted in the
numbers being manipulated
for sure in the US

but us 'truthful' Canadians
holier than thou
we don't do that

left

Cmanynames« less

Content disabled.
by CBC
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Sam Montana
Good grief, the math is simple enough for anyone to get it other than the liberals.

1-There are an X number of Canadian adults who pay into CPP
2-There are a Y number who retire every year (a percentage of X)
3-There are a Z number of people who join the workforce every year (more or less similar to X)

X is always greater than Y-Z which means there should always be enough money in CPP coffers to payout.

THE ONLY reason that there is not enough money in CPP to pay retirees more than a PITTANCE is because successive liberal governments have pilfered the money« less

old history
old friends

https://www.youtube.com/watch?v=1okIUdtHrc0

Cath