> One step would be to move it away from an insurance model and raise the cap on contributions. Another would be to modestly increase the contribution rates. T

> One step would be to move it away from an insurance model and raise the cap on contributions. Another would be to modestly increase the contribution rates. This is essentially what happened in the mid-90s with the Canada Pension Plan (https://en.wikipedia.org/wiki/Canada_Pension_Plan#1996_reforms https://en.wikipedia.org/wiki/Canada_Pension_Plan#1996_refor...): an increase of contribution rates to move beyond PAYGO solvency to a partial advance-funding model. As a result, the CPP now has a few hundred billion dollars in assets (invested largely in equities) providing income to support long-term solvency.