Page 4 - Autumn 2013 Newsletter
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An Unethical Deception

Remember, not only did you and I contribute to CPP but your employer did, too. It totaled 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 when we reach the age to take it back. If you calculate the future in-
vested 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.... I 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). I worked all my life and am drawing 100% from my
own CPP so I am receiving the maximum allowable payment per month. My two deceased husband's CPP
money will never have one cent drawn from what they paid into the CPP plan all their lives.


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!! Bernie Madoff

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 DOL-
LARS!!! 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 reli-
gious 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.
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