CPP 'able to meet obligations'

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CANADA - A legislated contribution rate of 9.9% from year 2010 is enough to pay future expenditures and to accumulate assets worth CAD$235bn (US$233.5bn) in 2015, the latest Actuarial Report for the Canada Pension Plan has revealed.

The results of the report, produced every three years, showed accumulated assets would be 5.2 times the annual expenditures in 2015, with assets projected to be $1,432bn or six times the annual exp...

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