Is your pension covered by CPP?
A pension consultant says his pension plans are covered by the federal pension plan.
The consultant, John Harkins, is an expert on pension plans.
His pension plan is called the Spectrum Pension Consulting Group.
He said he has no complaints from the Canadian Pension Plan Investment Board about his plans.
“My plans are 100 per cent insured,” Harkin said.
“I don’t think there are any other pensions that are guaranteed by the CPP.”
“The plan is managed by CPGIB and CPGIC.
It is an independent plan and CPPIB has been doing a lot of work on this.
The pension plan has the benefit of the CPL,” said Harkyns spokesman Dave MacKay.
A CPP spokesman said the pension plan will not be affected by the proposed changes.
As of Dec. 31, 2018, Harkkins pension was worth $7,800.
That’s up $1,100 from last year.
Harkkin said he’s made improvements in his pension, including increasing the retirement age to 66.
Harkins is also making changes to his company’s retirement plan.
His plan includes a “qualified investment fund” that is invested in a stock portfolio, and is not eligible for government support.