Should Women/Men Pay Different Rates for the CPP?

[August1991]

For car insurance, men (and young men in particular) pay higher premiums than women. Men are more likely to have a car accident. Hence, men are more likely to make an insurance claim.

Women, on average, live longer than men. Hence, women are more likely to make a larger pension claim.

Should women pay higher premiums when paying into the CPP?

Edited October 10, 2014 by August1991

[Bryan]

For car insurance, men (and young men in particular) pay higher premiums than women.

In Quebec maybe. Definitely not here.

[Michael Hardner]

Do they pay different rates for life insurance ?

[guyser]

For car insurance, men (and young men in particular) pay higher premiums than (YOUNG)women. Men are more likely to have a car accident. Hence, men are more likely to make an insurance claim.

The blanked out parts are false.

[guyser]

Do they pay different rates for life insurance ?

Yes,generally.

[Big Guy]

It should be relative. Why should fat people pay the same for an outfit and/or shoes as skinny people? Why should heavy people pay the same for an airline seat as a light person? Why should childless couples pay any taxes directed to education? Why does buttered bread always fall on the buttered side when you accidently drop it?

Why? Why? Why?

Life is just not fair!!!

[overthere]

For car insurance, men (and young men in particular) pay higher premiums than women. Men are more likely to have a car accident. Hence, men are more likely to make an insurance claim.

Women, on average, live longer than men. Hence, women are more likely to make a larger pension claim.

Should women pay higher premiums when paying into the CPP?

On the other hand, men are more likely to drive more and in particualr are more likely to drive for a living, both of which increase accidents.

On the other hand, women tend to pay slightly less in their lifetime into CPP overall, since many have chunks of their work careers misiing due to children. I am going to leave it to the OP to break the news that because they pay less and draw more they now have to pay more. Give me a few minutes to seek shelter first though.

[waldo]

...that because they pay less and draw more they now have to pay more.

what's the foundation of your claim that "women draw more" from CPP?

[overthere]

they live longer.

[WWWTT]

On the other hand, men are more likely to drive more and in particualr are more likely to drive for a living, both of which increase accidents.

On the other hand, women tend to pay slightly less in their lifetime into CPP overall, since many have chunks of their work careers misiing due to children. I am going to leave it to the OP to break the news that because they pay less and draw more they now have to pay more. Give me a few minutes to seek shelter first though.

I thought that if you drive more, then you would have more experience. Hence be a better driver. Also, insurance companies ask questions like how far away your work is or how much km you drive per year.

I thought the amount you get monthly was based on your lifetime contributions into CPP?

WWWTT

[waldo]

they live longer.

as of 2013, 2.3 years longer on average... living longer doesn't say anything about the actual amount of money drawn. Again, what's the foundation of your claim that "women draw more" from CPP?

[Shady]

Women also use health services at a rate 3 times higher than men. Men are essentially subsidizing women's CPP and heatlhcare. They should pay higher tax rates as well. They've been sheltered from the true cost of these services for too long.

[Shady]

as of 2013, 2.3 years longer on average... living longer doesn't say anything about the actual amount of money drawn. Again, what's the foundation of your claim that "women draw more" from CPP?

They draw from it on an average of 2.3 years longer. Using your numbers.

[waldo]

They draw from it on an average of 2.3 years longer. Using your numbers.

since you've taken up the cause, you're (also) not offering anything here; again, what's the/your foundation of the/your claim that "women draw more" from CPP? Do you equate length of draw with..... amount of draw?

[waldo]

Women also use health services at a rate 3 times higher than men. Men are essentially subsidizing women's CPP and heatlhcare. They should pay higher tax rates as well. They've been sheltered from the true cost of these services for too long.

what kind of male, uhhh.... subsidy... do you equate with women (typically) earning significantly less than men during their CPP contribution period? You introducing health care utilization into this discussion is an unrelated topic... please stop further attempts to derail this thread.

[waldo]

since you've taken up the cause, you're (also) not offering anything here; again, what's the/your foundation of the/your claim that "women draw more" from CPP? Do you equate length of draw with..... amount of draw?

overwhere... Shady... still waiting:

.

[overthere]

as of 2013, 2.3 years longer on average... living longer doesn't say anything about the actual amount of money drawn. Again, what's the foundation of your claim that "women draw more" from CPP?

as of 2013, 2.3 years longer on average.

[waldo]

still nuthin! One would think the boys could apply some kinda actuarial type calculation to take that 2.3 years women outlive men... and apply the calculation against, oh say, a comparative average earnings-related draw benefit.

of course, the boys still haven't spoken to the significant earnings differential women are subject to during their working years... and what that means, relatively speaking, for senior women in terms of being able to plan for their retirements, particularly what greater reliance on CPP it might mean for senior women. Perhaps the boys might like to speak to that reliance senior women have on CPP... whether there's a reliance differential on CPP (women versus men)... and if there is a differential, why is there one. Notwithstanding the actual quality of life for women in retirement, those fully dependent on their CPP draw (with OAS), those drawing 57% of the maximum benefit possible. What say you boys... what say you overwhere, Shady, hey?

Edited October 11, 2014 by waldo

[The_Squid]

I think we can safely say that Waldo has thoroughly destroyed the claim that women draw more from the CPP. Ouch

Unless someone can provide figures who are making this claim. Anyone?

This thread is a prime example of how conservatives will often make these kinds of claims without actually looking at any sort of data. I don't know why this is such a common characteristic of conservatives, but it certainly seems to be.

Edited October 11, 2014 by The_Squid

[jbg]

Should women pay higher premiums when paying into the CPP?

Maybe as woman approach upper middle age, yes. For today's 18 year olds much may change relative life expectancies.

[Shady]

since you've taken up the cause, you're (also) not offering anything here; again, what's the/your foundation of the/your claim that "women draw more" from CPP? Do you equate length of draw with..... amount of draw?

Yes. Using the service for a longer period of time. Just like health care. Except that it's not only used longer, but also more frequently.

[Rue]

Did anyone give thought to how transexuals may have distorted the numbers?

You are welcome.I am here to help.

The tables on mortality are changing rapidly in regards to men and women in the "Western" world.

You can thank cancer, heart disease, diabetes, for helping achieve this growing equality in death rates.

[waldo]

Yes. Using the service for a longer period of time. Just like health care. Except that it's not only used longer, but also more frequently.

again, healthcare has no bearing on this thread... why do you persist in bringing it up?

again, you have not supported your claim that "women draw more from CPP". Please substantiate your unqualified opinion in this regard.

[August1991]

Waldo, your table above largely presents data for people before 1990.

These were the golden years for retirees. Like most Ponzi schemes, they paid little but received much.

Let's see what happens next.

Or as Margaret Thatcher supposedly/famously said: "The problem with socialism is that eventually you run out of other people's money."

Edited October 12, 2014 by August1991

[waldo]

Waldo, your table above largely presents data for people before 1990.

These were the golden years for retirees. Like most Ponzi schemes, they paid little but received much.

Let's see what happens next.

Or as Margaret Thatcher supposedly/famously said: "The problem with socialism is that eventually you run out of other people's money."

no - there's a single decade's more data (summarized) prior to your 1990 reference mark, than after it. Somehow you managed to avoid actually speaking to what you infer from the data... somehow you manage to avoid commenting on the significant differential between males and females; a differential (in average earnings-related benefit) that remains consistent through all data points. Perhaps you should comment on that before beaking off about "Ponzi schemes & problems with socialism".