Quote:
Originally Posted by Fuzz
But how do you handle the liabilities/existing holdings? Did you read the entire article I posted? It lays out some pretty big stumbling blocks.
Now, if we want to start from scratch, I guess that could maybe be done, but then we abandon a lot of money. The other provinces aren't just going to hand it over. We have zero leverage here.
I think this is another case of Smith being told a stupid idea, and her running with it without considering how the sausage gets made.
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Well my comment was about provincial migration and not about the creation of the APP and moving from CPP to that. Those are two different issues.
In theory, people have their CPP until a cutoff date (Say January 1,2024 for simplicity). The pension funds and liabilities stay there. From that point on, Albertans contribute to APP, and they get their pension from there depending on what they’ve paid in. When they retire, the collect CPP and APP until ~45years from now when people only have APP in Alberta.