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Originally Posted by Yoho
Money is money I’d like to see what this has to offer. Was it the end of the world when Quebec got their own pension?
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“Duplicate administration, limited risk pooling, and greater risk on investment returns likely mean that while Albertans would have a lower contributory rate to start, over the long term the contributory rate would likely exceed that of the CPP,” according to 2022 documents obtained by access to information request
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Implementation costs between $75 million best case scenario, to an excessive $2.1 billion worst case scenario (right from the article) - however you cut it, those are costs that we as taxpayers now get to pay. Then, our individual contribution rates over the long-term would be higher than contributing to CPP (quoted above). And this is all under the illusion of being able to get 53% of CPP assets. Then there has to be a referendum, which costs money. Then there's apparently an approval process from other provinces needed.
The same old, tired virtue signalling is pervasive in all of this too - just like Kenney's $1.4 billion that we got to pay for to a pipeline to nowhere, and a moratorium on renewables that will cost Albertans their jobs (which you seem to no problem with).