Re: Improved CPP benefits will be costly, Column, Oct. 30
Barbara Yaffe’s column concerning CPP hits the target. We should be asking “how do we ensure that all elderly Canadians have a decent standard of living?”
Personal saving does not work. To save for retirement I need to know how long I am going to live. If I diligently save and pass away at age 56, I would have been better off living one day at a time. For populations, actuaries can answer that question, for individuals, it is impossible.