CPP - the TRUTH

Who  died before they collected Canadian Pension Plan? (CPP)
>
>                       KEEP  PASSING THIS AROUND UNTIL EVERY ONE HAS HAD THE
> OPPORTUNITY TO READ IT... THIS IS SURE SOMETHING TO  THINK ABOUT!!!!
>
>          THE  ONLY THING WRONG WITH THE GOVERNMENT'S CALCULATION OF
> AVAILABLE CPP IS THAT THEY FORGOT TO FIGURE IN THE PEOPLE WHO DIED BEFORE
> THEY EVER COLLECTED A  CPP CHEQUE!!!
>
>          WHERE  DID THAT MONEY GO?
>
>          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 invested 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.
>
>
>      THE FOLKS IN OTTAWA HAVE PULLED OFF A BIGGER PONZI SCHEME THAN BERNIE
> MADOFF EVER DID.
>
>          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!!
>
>          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 DOLLARS!!! 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 religious  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.
>
> Sad  isn't  it?  99%  of people won't have the guts to forward this.
>
> I'm in  the 1% and I just  did.
>
> Frank Fisher

Thanks Brenda