Quote:
Originally Posted by bizaro86
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.
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I thought the system relied on modest population growth to support it at current rates. I might be wrong though but I thought demographic assumptions were included in the pricing of the plan.