Quote:
Originally Posted by blankall
The younger and harder working argument isn't that great. CPP isn't an automatic entitlement. What you get is based on what each individual put in.
I mean sure a younger population has more people paying in now, but the people collecting paid into it their entire lives. Eventually the people paying in now will collect their fair share, based on what they paid in.
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I voted no switch. But the people collecting now didn't pay their fair share. Every contribution year before the changes in the '90s someone is collecting on they underpaid.
Edited to add: that's why the argument that Alberta's population could age doesn't make any difference. It isn't that younger is necessarily better going forward. It's that the ratio of people paying their share plus a bit extra now to the people who didn't cover their share before the 90s changes is higher.
The "unfairness" in the system isn't geographic, it's generational.