N.B. Premier Susan Holt doesn’t know why no one knew how to cut gas price sooner

January marks the 60th anniversary of the Canada Pension Plan, an appropriate time to assess how good of a deal the CPP has been. When the CPP was launched in 1966, Canadians contributed just 1.8 per cent of their pay, up to a maximum annual amount of $79.20. Employers made a matching contribution. In spite of the modest contributions, the politicians of the day decided that a full CPP pension should be payable as early as 1977. This created a deficit which will continue in perpetuity.