{"id":3983,"date":"2022-07-13T08:44:54","date_gmt":"2022-07-13T12:44:54","guid":{"rendered":"https:\/\/www.cancea.ca\/?p=3983"},"modified":"2023-07-13T11:04:09","modified_gmt":"2023-07-13T15:04:09","slug":"economic-benefits-of-canadian-public-sector-pension-plans-2021","status":"publish","type":"post","link":"https:\/\/www.cancea.ca\/index.php\/2022\/07\/13\/economic-benefits-of-canadian-public-sector-pension-plans-2021\/","title":{"rendered":"Economic Benefits of Canadian Public Sector Pension Plans 2021"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"3983\" class=\"elementor elementor-3983\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4cdf5a98 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4cdf5a98\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2c2fd431\" data-id=\"2c2fd431\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3e9b3b3 elementor-widget elementor-widget-text-editor\" data-id=\"3e9b3b3\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.14.0 - 26-06-2023 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>With over 5.26 million active and retired members, CPSPPs (Canadian public sector pension plans) are equivalent to the population of British Columbia. These members work in various professions such as nurses, bus drivers, janitors, paramedics, firefighters, police, teachers, and social workers.<\/p><p>The plans manage a total of over $1.27 trillion in assets, investing member and employer contributions globally. The investments have generated $92 billion annually over the last five years, with around $49 billion paid to retirees in Canada each year. The plans benefit all Canadians through the wider economic impacts, contributing to Canada&#8217;s GDP by about $82 billion in 2019, supporting jobs, wages, and providing government revenue. Over four million Canadians, which is approximately 11% of the population, benefit from CPSPP activities.<\/p><p>CPSPP retirement benefits represent an important source of retirement income in Canada, totalling over 40% of all private retirement income in the country. Retired members live all around Canada and spend much of their retirement income in their local communities and surrounding areas. Through this pension spending alone, CPSPP members support over 794,000 jobs across the country (90.5% of the total contribution of CPSPP) and contribute over $74 billion to Canada\u2019s GDP, which averages to $16.72 of GDP for every $10 of retirement benefits payments.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9edfa5e elementor-widget elementor-widget-button\" data-id=\"9edfa5e\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/www.cancea.ca\/wp-content\/uploads\/2023\/07\/Economic-Benefits-of-Canadian-Public-Sector-Pension-Plans-2020-Final-Dec-2021.pdf\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-text\">Download the report<\/span>\n\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>With over 5.26 million active and retired members, CPSPPs (Canadian public sector pension plans) are equivalent to the population of British Columbia. These members work in various professions such as nurses, bus drivers, janitors, paramedics, firefighters, police, teachers, and social workers. The plans manage a total of over $1.27 trillion in assets, investing member and &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/www.cancea.ca\/index.php\/2022\/07\/13\/economic-benefits-of-canadian-public-sector-pension-plans-2021\/\"> <span class=\"screen-reader-text\">Economic Benefits of Canadian Public Sector Pension Plans 2021<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":5,"featured_media":3990,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-global-header-display":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":""},"categories":[110,120,118,112,109,103,101,106,113,119,116,114,122,108,117,104,123,111,97],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Economic Benefits of Canadian Public Sector Pension Plans 2021 - Canadian Centre for Economic Analysis<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.cancea.ca\/index.php\/2022\/07\/13\/economic-benefits-of-canadian-public-sector-pension-plans-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Economic Benefits of Canadian Public Sector Pension Plans 2021 - Canadian Centre for Economic Analysis\" \/>\n<meta property=\"og:description\" content=\"With over 5.26 million active and retired members, CPSPPs (Canadian public sector pension plans) are equivalent to the population of British Columbia. These members work in various professions such as nurses, bus drivers, janitors, paramedics, firefighters, police, teachers, and social workers. The plans manage a total of over $1.27 trillion in assets, investing member and &hellip; Economic Benefits of Canadian Public Sector Pension Plans 2021 Read More &raquo;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.cancea.ca\/index.php\/2022\/07\/13\/economic-benefits-of-canadian-public-sector-pension-plans-2021\/\" \/>\n<meta property=\"og:site_name\" content=\"Canadian Centre for Economic Analysis\" \/>\n<meta property=\"article:published_time\" content=\"2022-07-13T12:44:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-13T15:04:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.cancea.ca\/wp-content\/uploads\/2023\/07\/Microsoft-Word-economic-benefits-of-canadian-public-sector-pension-plans-report.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"612\" \/>\n\t<meta property=\"og:image:height\" content=\"792\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Sagal Abukar\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Sagal Abukar\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.cancea.ca\/index.php\/2022\/07\/13\/economic-benefits-of-canadian-public-sector-pension-plans-2021\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.cancea.ca\/index.php\/2022\/07\/13\/economic-benefits-of-canadian-public-sector-pension-plans-2021\/\"},\"author\":{\"name\":\"Sagal Abukar\",\"@id\":\"https:\/\/www.cancea.ca\/#\/schema\/person\/72c58d394efb613addbf9bc36acae015\"},\"headline\":\"Economic Benefits of Canadian Public Sector Pension Plans 2021\",\"datePublished\":\"2022-07-13T12:44:54+00:00\",\"dateModified\":\"2023-07-13T15:04:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.cancea.ca\/index.php\/2022\/07\/13\/economic-benefits-of-canadian-public-sector-pension-plans-2021\/\"},\"wordCount\":208,\"publisher\":{\"@id\":\"https:\/\/www.cancea.ca\/#organization\"},\"articleSection\":[\"Alberta\",\"Atlantic Canada\",\"British Columbia\",\"Business Cases, Impact Evaluations, And Appraisals\",\"Canada\",\"Datasets\",\"Demographics\",\"Economics\",\"Industry Contribution\",\"Manitoba\",\"Ontario\",\"Pensions\",\"Quebec\",\"Region\",\"Regional\",\"Regional\",\"Saskatchewan\",\"Service\",\"Topic\"],\"inLanguage\":\"en-CA\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.cancea.ca\/index.php\/2022\/07\/13\/economic-benefits-of-canadian-public-sector-pension-plans-2021\/\",\"url\":\"https:\/\/www.cancea.ca\/index.php\/2022\/07\/13\/economic-benefits-of-canadian-public-sector-pension-plans-2021\/\",\"name\":\"Economic Benefits of Canadian Public Sector Pension Plans 2021 - 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