The Canada Pension Plan was first established in 1966. By 1996, the federal government had determined that the CPP as then constituted was unsustainable. Changes were made to the plan, gradually increasing the contribution rate to its current 9.9% and creating the CPP Investment Board.CPPIB is a professional investment management organization with a vital purpose: to help provide a foundation upon which Canadians build financial security in retirement.It invests across all major asset classes: public equities, private equities, real estate, infrastructure and fixed income instruments.