Cpp - Canada Pension Plan Or Ssn Or Sin (social Security Number, Social Insurance Number)

CPP Facts

Who died before they collected Canadian Pension Plan?

(CPP)

KEEP PASSING THIS AROUND UNTIL EVERY ONE HAS HAD THE OPPORTUNITY TO READ IT...

THIS IS SURE SOMETHING TO THINK ABOUT!!!!

THE ONLY THING WRONG WITH THE GOVERNMENT'S CALCULATION
OF AVAILABLE CPP IS THAT THEY FORGOT TO FIGURE IN THE PEOPLE
WHO DIED BEFORE THEY EVER COLLECTED A CPP CHEQUE!!!

WHERE DID THAT MONEY GO?

Remember, not only did you and I contribute to CPP
but your employer did, too.

It totalled 15% of your income before taxes.

If you averaged only $30K over your working life,
that's close to $220,500.

Read that again.

Did you see where the Government paid in one single penny?

We are talking about the money you and your employer
put in a Government bank to insure you and I
that we would have a retirement cheque
from the money we put in, not the Government.

Now they are calling the money we put in an entitlement w
hen we reach the age to take it back.

If you calculate the future invested value of $4,500 per year
(yours & your employer's contribution) at a simple 5% interest
(less than what the govt. pays on the money that it borrows),
after 49 years of working you'd have $892,919.98.

If you took out only 3% per year, you'd receive $26,787.60 per year
and it would last better than 30 years
(until you're 95 if you retire at age 65)
and that's with no interest paid on that final amount on deposit!

If you bought an annuity and it paid 4% per year,
you'd have a lifetime income of $2,976.40 per month.

Another thing ....
there are some people who have two deceased husbands
who died in their 50's,
(one was 51 and the other one was 59
before one percent of their CPP could be drawn).

This one woman worked all her life and is drawing 100%
from her own CPP so she is receiving the maximum allowable payment per month. Her two deceased husband's CPP money will never have one cent drawn
from what they paid into the CPP plan all their lives.

THE FOLKS IN OTTAWA HAVE PULLED OFF
A BIGGER PONZI SCHEME THAN BERNIE MADOFF EVER DID.

Entitlement my foot, I paid cash for my CPP!

Just because they borrowed the money for other government spending,
doesn't make my benefits some kind of charity or handout!!

Remember Senator's benefits?
--- free healthcare, outrageous retirement packages, 67 paid holidays,
three weeks paid vacation, unlimited paid sick days.

Now that's welfare, and they have the nerve to call my CPP retirement payments entitlements?

We're "broke" and the government can't help our own Seniors,
Veterans, Orphans, or Homeless.

Yet in the past few years we have provided aid to Haiti , Chile,
Turkey, Pakistan, etc., etc., etc.

Literally, BILLIONS of DOLLARS!!!

And they can't help our own citizens !

Our retired seniors living on a 'fixed income' (CPP and OAS)
receive no additional federal aid nor do they get any financial breaks,
while our government and religious organizations pour hundreds
of billions of $$$ and tons of food to foreign countries!

They call CPP an entitlement even though most of us
have been paying for it all our working lives, and now,
when it's time for us to collect, the government is running out of money.

Why did the government borrow from it in the first place?

It was supposed to be in a locked box, not part of the general fund.

 

This winter, 1 million plus ordinary Brits
will decide their life is not worth living.
video

View: https://youtu.be/MohffU04vgA