ISSA
Promoting and Developing Social Security Worldwide.
Canada
Total population (m.):  33.9
GDP per capita (USD):  35812

Good practices presented by institutions from this country

 
External peer review
External peer review
The Office of the Chief Actuary commissions an external peer-review process for each triennial actuarial report of the Canada Pension Plan (CPP). The Board (federal and provincial finance ministers) endorses the peer-review process.
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Financial review of the Canada Pension Plan (CPP)
Financial review of the Canada Pension Plan (CPP)
By legislation, every three years, the federal and provincial ministers of finance shall review the state of the Canada Pension Plan (CPP) and may make recommendations as to whether benefits or contributions rates or both should be changed.
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Public Pensions and targeted employment initiatives for older workers in Canada
Public Pensions and targeted employment initiatives for older workers in Canada
This paper presents Canada’s experience in regard to programs and policies supporting older workers.
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Self-sustaining default provisions
Self-sustaining default provisions
If the latest actuarial report indicates a minimum contribution rate that is higher than the current legislated contribution rate and the federal and provincial finance ministers, after their financial review, do not make a recommendation, then Canada Pension Plan (CPP) selfsustaining default provisions apply.
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Steady-state contribution rate and incremental full funding
Steady-state contribution rate and incremental full funding
The actuarial examination of the Canada Pension Plan (CPP) involves projections of its revenues and expenditures over a long period of time, so that the future impact of historical and projected trends in demographic and economic factors can be properly assessed.
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