(NC) While most of us contribute a portion of our paycheques to the Canada Pension Plan, we often don’t pay attention to this important part of our savings until the time comes to retire. But what happens to that money in the meantime?
Your CPP contributions are managed by Canada Pension Plan Investment Board, which invests these funds to ensure that the CPP will be around when it is needed most — in retirement. As a result, many of us would be surprised to learn we have part ownership in a wide range of companies, real estate and infrastructure around the world.
Here are just a few things that workers and retirees have a stake in as part of the CPP:
Viking Cruises. This leading provider of worldwide river and ocean cruises operates over 61 cruise vessels based in 44 countries. Viking Cruises creates culturally immersive, destination-centric experiences for its customers.
407 Express Toll Route. Highway 407 is the world’s first all-electronic, open-access toll highway in the world. As part of the integral transportation network of Toronto, the highway currently stretches 108 kilometres and directly connects to seven other large freeways.
Entertainment One Group. Headquartered in Toronto, eOne is a leading international independent entertainment company that specializes in the acquisition, production and distribution of film and television content, from Peppa Pig to The Walking Dead.
Postal Savings Bank of China. PSBC is China’s largest bank by customers and distribution network, with more than 400 million retail customers and nearly 40,000 branches.
University House Communities Group. Providing high-quality student housing near renowned American universities like the University of Texas and Florida State, it contributes to CPPIB’s ownership of more than 30,000 university dorm room beds worldwide.
Find more information at www.cppib.com.