Quote:
Originally Posted by Goriders
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?
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I don’t know if we could, but it seems likely. Need consider few other things though…
- what happens in the future if demographics and income turn on us? That’s what happened to Quebec. Being in a bigger plan has advantages.
- is AIMCO a good enough manager?
- will the provincial government direct investment to potentially riskier local projects? They’ve hinted that they will.
- how does portability work? If someone contributes elsewhere and moves to Alberta or vice versa who pays what? Worst case, someone who benefited from lower contributions might get lower payout if they move out of province. Details to be worked out.
All of the above are uncertainties. Showstoppers? Don’t know, but enough to give many people pause