Quote:
Originally Posted by GullFoss
CPP is a total rip-off for those gen-x and younger. Silent-gens are getting a ridiculous rate of return, some boomers are getting decent returns and it's being anchored by all future generations. The rate of return gen-x, millennials and gen-x get is some dog #### return of 2-3% per year compounded because the rest of the annual return is redirected to bailnout the underfunded pensions of silent gen and older boomers. I think silent gen gets implied annual returns on their contributions of 16-18% or something.
Alberta is just taking advantage of the fact that we have less boomers and silent generation to reduce contribution.
So is CPP a bad value proposition? It sure it. But it's a bad value proposition for entire generations, regardless of where they live in Canada.
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This is why we should make it Calgary only or Cities only. We can take real advantage over our demographics and push out the older boomers.