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Originally Posted by PepsiFree
How many experts need to come out and say leaving the CPP is, at best, a very risky idea with a low chance for very modest benefits before Albertans actually accept it?
It’s such a silly idea parroted exclusively by sycophants at this point. Most Albertans don’t want to mess with it, every expert says the UCP is blowing hot air and lying about how great it’s going to be. Hell, Canada’s chief actuary just came out and said Tombe was right about the amount (closer to 20% than the 50+% the UCP is claiming) and you’ve still got the Fraser Institute falling over themselves crying about how they didn’t give an exact percent so it must be over 50% lol.
Leaving the CPP seems to be a position favoured by people who don’t want to deal in fact and logic or aren’t intellectually capable of it. That’s not the kind of people I want making any decisions about anything, but especially not pensions.
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So if you leave the CPP with the funds you are owed. You can get a better rate of return with much lower management expenses due to reduced overhead and demographics how would it be worse?
Even if you are getting a 1% increase in your rate of return the benefit would be massive over time. I can’t really see a downside other than potentially buying power due to the overall size of the pool of money.
The demographics benefit is a gigantic one though.