Ugh I am getting so tired of the media reporting on the problems facing the Canada Pension Program as though it's all a surprise. I saw something 2-3 years ago about how my the time my generation is retiring, there will be massive problems. I also learned that in HIGH SCHOOL when we were learning how to read demographic charts by age, and then projecting what future models would look like when we were 30 and then 65. So if that was in my social studies textbook in about 1990, and I see tons of articles online dated over the past 10 years minimum, why do people act like it's a surprise now? Did they forget the reports in 2009, 2008, 2007, 2006, 2005... 2000, 1990...??? Like seriously. Get a grip people. Perhaps some members of the govt hope we are all idiots and 'forget' things easily, but you know you have been warned about this, you know it's been an approaching problem for many many years... so why act all shocked and dismayed NOW?
Here is a short list of articles talking about this 'time bomb' over the past several years. Perhaps CTV News should admit how many times THEY have reported on this same issue before their next broadcast acting like it's a new story just breaking headlines.
Time Bomb Threatens Pension System: Report (2000)
Retirement Time Bomb book (2005)
Some CAW paper listing that in 1995 Martin told Canadians not to worry that the aging population was a 'ticking time bomb' (2005)
Bolstering Canada's Pension System? (blog 2009)
Pensions Under Attack (book 2001)
Pension Time Bomb Explodes (2008)
And then there is this interesting opinion/speech that I found while searching... it talks part-way down the page about the MYTH of a demographic time bomb (dating this prior to 1998), and how it's about right-wing think-tanks whipping people into a panic.
Is it a myth if workers:retirees will be 2:1 in only 20 years? I learned about it in school, maybe not to the point of shooting down the pension system, but in the way that all of us could see with our very own eyes what could very well happen. Women having fewer children, which put less workers into the system 30 years down the road, but a very large group of new retirees along with an-ever-increasing group of older pensioners due to our lengthening life-spans. The charts were very funky and disturbing way back then, to my 17 yr old mind. But I can still see them in my head...