You must read this post to know the actual truth behind Trudeau Really Robbed Billions from Pension Funds? Truth Explained in Details here.
Trudeau Really Robbed Billions from Pension Funds?
The Canadian Prime Minister Justin Trudeau faces backlash every now and then for his allegations or actions. He has been the centre of various debates and according to some he holds a weak position in the upcoming general election. His various reforms and actions have often led to widespread resentment.
Recently the government is facing the criticism over ‘Trudeau Really Robbed Billions from Pension Funds?’.On social media, Prime Minister Justin Trudeau claimed to have withdrawn two billion dollars from Canada’s retirement fund CPP and utilized them for building projects in India. However, this accusation is not true, and has affected Trudeau also.
In this article we have addressed this issue from its root, please read on this article, and find the truth behind Trudeau and billions of pension funds.
Background of the Issue
Prime Minister Justin Trudeau reportedly “took” two billion dollars from Canada’s retirement pension fund to fund housing projects in India, according to sources. The video shows a guy wearing a Conservative MP’s t-shirt accusing Trudeau of embezzling $2 billion from Canadians’ retirement funds to finance housing developments in Mumbai, India.
According to remarks, a number of Facebook users deduced that the Canadian prime minister embezzled funds from the pension fund and transferred them to India as a donation. This assertion, however, is untrue because CPPIB made the investment.
The government doesn’t interfere with CPPIB’s activities. The independence of the Canada Pension Plan Investment Board from the government is ensured under the Act. This act ensures to keep politics and politicians away from the pension funds.
Trudeau Really Robbed Billions Overview
| Post Name | Trudeau Really Robbed Billions from Pension Funds? |
| Country | Canada |
| Controversy | Via Social Media Post |
| Status | False Accusation |
| Complete Explanation | Read Here |
Truth Explained in Details
The prime minister of Canada has no say in the allocation of Canada Pension Plan money, while the independent Canada Pension Plan Investment Board (CPPIB) has made over $8 billion in investments in Indian businesses since 2009. A significant amount of money has been invested in Indian markets by Canadian investors, mostly pension funds, who have placed bets on the economic objectives of the Narendra Modi government.
In charge of investing money from Canada’s federal retirement plan, the Canada Pension Plan (CPP), is the CPPIB, an independent organization. The retirement funds of 20 million participants are managed by the CPPIB. CPPIB started investing in India in 2009, and it is one of 52 nations where CPP money are invested.
The assertion that Trudeau had an impact on CPPIB investment choices is untrue. Despite being the nation’s public retirement savings, the Canada Pension Plan Investment Board Act ensures the CPPIB’s independence from the government.
Additionally, according to the CPPIB’s website, the Canada Pension Plan’s assets are managed in the best interest of Canadian contributors and beneficiaries, irrespective of political interference. These assets are kept completely apart from public and political funding.
Conclusion
Recent years have seen a sharp rise in Canadian investment in India, a proof of their faith in the country’s economic potential. However, these investments are far from the influence of Prime Minister Trudeau. In fact he has been constantly accusing India of conspiring criminal activities in Canada, so there is no point of him providing a grant from Pension.
Moreover the Canada Pension plan funds are under the control of CPPIB and they are free to invest it anywhere they want. You can check CPPIB’s official website to know where your money has been invested. It is always wise to get your facts checked from authentic sources, rather than falling for misleading social media posts and comments. Your retirement money is in safe hands and is regulated by CPPIB, please note!
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