present status of CPP pension fund

http://www.cbc.ca/news/business/story/2012/08/10/cpp-fund-up.html

The Chief Actuary of Canada said the CPP will remain sustainable for at least the next 75 years, and says that contributions are expected to exceed benefits paid until 2021. That means CPP won't need to dip into its investment returns for the next nine years...


The Canada Pension Plan Fund ended the first quarter of the fiscal year with $165.8 billion in assets, a $4.2 billion increase since the previous quarter.

Canada's national pension plan received $3.5 billion in contributions and earned $800 million on its investments. Its portfolio returned 0.5 per cent for the quarter.

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D - a far cry from $250 billion prediction for in four more years. That was the prediction BEFORE the great economic crash of the last few years.
And 2021 is when the Boomers retire in earnest, in increasing numbers.
Even something as simple (and costly) as widely prescribed statins can completely skew demographic predictions in a hurry.
The above CBC story is NOT good news.
Trying to be positive about that news is like re-arranging deck chairs on the Titanic. The iceberg has already struck us. We just are not quite drowned yet.
And the lifeboats are only numerous enough for first class customers - the Boomers.