Financial Post: 'The aging of Canada’s population is a powerful force that will stress government budgets. Article content Some systems have less protection than others. At one end of the spectrum is the Canada Pension Plan: a highly monitored, partially pre-funded national program that actuaries have determined will be financially sustainable for the next 75 years.
'The program also has guardrails in place to ensure its long-term viability even if the future does not unfold as predicted. For example, if payroll contributions prove insufficient and the provinces can’t agree on raising the rates, there is a mechanism to make modest adjustments to pension indexing that will ensure long-term sustainability.'
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