How a hotel discount taught me about public pension investing

I am here in Memorial Hall at Confederation Centre of the Arts this morning for one of the biennial public meetings of the CPP Investment Board, the agency that invests Canadians’ public pension funds.

When I turned 50 I joined CARP, née the Canadian Association of Retired Persons, because the hotel discount I could get from being a member was more than the membership fee; this put me on CARP’s mailing list, and an alert came over the wire last week to come to this meeting.

Beyond my personal stake in being able to eventually retire in part funded by my CPP contributions, I’ve no particular interest in investing or pensions or the issues of retirement. Indeed, being in a room filled with fiscally-minded retirees is vaguely uncomfortable.

But I’m a sucker for the arcane meeting, and so I’m here.