$334 Billion – The Devil in the Actuarial Details

The Alberta government has released a consultant’s report that includes a $334 billion estimate of the asset transfer from the CPP fund to a new fund to be established for a standalone Alberta pension plan.

There are three distinct issues with this number. First, the provisions in the CPP Act concerning the asset transfer are not particularly clear. Second, the number is calculated using data by province of residence whereas CPP operates on the province of employment. Last but not least, the transfer represents 53% of the CPP fund and that seems too big when Alberta represents only 16% of CPP contributions.

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A Place to Grow Old? Ontario’s Long-Term Care System Needs Transformational Change

The current system of long-term care in Ontario isn’t working. In fact, it’s broken. The need to reimagine how long-term care is delivered couldn't be clearer. It will be necessary to fundamentally reform the values, organization, and physical structures that underlie Ontario’s LTC homes. It will take a commitment by our government to always put LTC residents and the staff who care for them before profits. It will take a necessary culture change.

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National Institute on Ageing
A Decade of Healthy Ageing in Canada Must Start with a National Seniors Strategy

October 1 is the International Day of Older Persons ( #UNIDOP2021). This year, the occasion has a deep significance as we reflect upon the devastating consequences of the COVID-19 pandemic for older adults and the actions we must take to reform our systems of care. The urgent message of the pandemic is much larger, however. This crisis laid bare the systemic gaps and failures that have existed for decades in Canada’s political, social and economic approach to ageing. The message for #UNIDOP2021 in Canada is this—we need a plan.

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National Institute on Ageing
Election 2021: It’s Time for a National Seniors Strategy — Where the Major Parties Stand on Comprehensive Ageing Issues

At the National Institute on Ageing, we have long advocated for greater federal leadership and provincial cooperation to address the challenges and to harness the opportunities of Canada’s ageing population. The need for a coordinated, comprehensive, national strategy has become acute over the course of the COVID-19 pandemic, which brought to public attention the inadequacies, gaps and failures of our systems of care for older adults—with tragic results. With an election only weeks away, on September 20, 2021, Canadians now have an opportunity to chart a new course for ageing in Canada.

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National Institute on Ageing
Notes from Iceland: An International Perspective on Reforming Long-Term Care

Rather than earmarking limited public dollars for renovating, building and furnishing LTC homes, a portion of these funds can be better employed by supporting older Canadians and Icelanders alike to remain in their own homes, in their own beds, where they want to be. Actualizing a robust homecare system would require greater flexibility in our public healthcare services, ensuring the provision of high quality care within the home. This includes supports like personal care workers, physiotherapists, doctors and nurses.

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National Institute on Ageing