Quote:
Originally Posted by edslunch
No one is getting taken advantage of. Albertans pay and receive exactly the same as everyone in Canada, based on a plan we signed up for (or at least didn’t it out of).
Could we have done better going our own way? In hindsight probably. The CPP generates solid returns on the fund but the payouts are not great, in part due to unwinding the early decades of underfunding. With our incomes and demographics we could have done better, but we didn’t. Every higher earner in the country could say the same thing, but that’s how it goes with a universal safety net.
Could we do better starting now? Probably, but look at Quebec as a cautionary tale in that one. Are we justified in considering the option? 100%. Just drop the ‘taken advantage of’ bit. It’s a bad look.
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Fair enough. But I guess the point I’m trying to make and I think you agree based on what you said is that we’d get a better return running our own pension.
If that is the case why wouldn’t you do it? Does anyone do that with thier investments outside of the CPP?