Quote:
Originally Posted by Slava
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.
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I hear that you're saying that it
could be possible, but it would almost certainly be messy. Any conservative simpleton who loves to trot out silly ideas like how 'bloated public services are sooooo incompetent' cannot suddenly ignore that notion when it suits them. FWIW I think this would end up getting screwed up by generally competent+under-resourced bureaucrats with incompetent legislative direction. The Minister of Red Tape Reduction must be hyperventilating.
An APP would start from an even weaker position if it's starting from scratch, and the theoretical advantages from our demographics could be quickly eroded if people get to take all of their contributed capital with them back to CPP when they move away.