Even with the revised numbers it’s damn good bargaining chips to be discussing with. A province with 11% of the population taking 25% of the CPP funds is wild. Albertans also fund a lot more into CPP than they withdraw. This would be catastrophic for the pension fund. Good for Alberta to stand up for itself, maybe we can get some concessions out of Ottawa the same way Quebec does.
CaptainPeppa on
Ya 20-25% sounds more appropriate. The 53% would be what is required to pay for Alberta’s current liabilities as of today.
Obviously the CPP doesn’t have all of that covered though. Think it’s about 1/4 to 1/3 funded so that tracks with 20-25%. Obviously above average but nothing surprising.
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Even with the revised numbers it’s damn good bargaining chips to be discussing with. A province with 11% of the population taking 25% of the CPP funds is wild. Albertans also fund a lot more into CPP than they withdraw. This would be catastrophic for the pension fund. Good for Alberta to stand up for itself, maybe we can get some concessions out of Ottawa the same way Quebec does.
Ya 20-25% sounds more appropriate. The 53% would be what is required to pay for Alberta’s current liabilities as of today.
Obviously the CPP doesn’t have all of that covered though. Think it’s about 1/4 to 1/3 funded so that tracks with 20-25%. Obviously above average but nothing surprising.