Quote:
It seems completely plausible to me that Alberta and Ontario would have generated more than 100% of the CPP surplus over time. Quebec isn't involved, and Saskatchewan/Manitoba and the Maritimes have historically lost a big chunk of their young people at the start of their careers. Those provinces have almost certainly received more than they've put in, so their contributions are likely meaningfully negative.
|
Maybe, but why would only the contributions and not the liability of those people count to an APP vs CPP? There's quite a few young workers starting work in Alberta that later return to the Maritimes for instance. Does that mean that Alberta gets the $$$ and then CPP/ the Maritimes get stuck with the cost? "Those provinces" aren't receiving or contributing anything, it's individual workers that are paying into CPP and later getting a pension benefit.
In the fictional world where Alberta has a separate APP, and somebody starts their career in AB then finishes it in NFLD, they'd either get both a CPP & APP at retirement, or they'd transfer their APP to the CPP, but either way Alberta is on the hook for part of that pension.
We're only adding up the contribution side of the balance sheet and leaving the liabilities with CPP which is why the number looks whack.
I don't care how crazy amazing our economy is, there's no way Albertans are entitled to 53% of CPP. It's ludicrous.