Alberta Politics & Government Thread 3.0

[corporatejay]

Originally Posted by para transit fellow

It was downright evil of the Feds to start that "Alberta is calling" campaign back in mid 2022 to encourage more people to move to Alberta

https://zgm.ca/work/alberta-is-calling/

Are you disputing that we are underfunded on immigration or did you think this was clever?

[CliffFletcher]

Originally Posted by bizaro86

I agree with you on all points with 2 clarifications.

1) the average person could have a teacher quality retirement plan if they put aside the same amount of money that teachers contribute to their pensions.

As Slava pointed out, there’s a big difference in security between a defined benefit pension and defined contribution pension. I’d also be curious to compare the investment returns of the big teachers pensions funds with average RRSP returns. The size of the teachers funds gives them a lot of heft.

Originally Posted by bizaro86

2) no routine exposure to violence is sadly becoming less reasonable of an assumption for a teaching career.

Fair enough.

[belsarius]

Originally Posted by corporatejay

Are you disputing that we are underfunded on immigration or did you think this was clever?

What is the source that Alberta is underfunded in regards to immigration?

[bizaro86]

Originally Posted by CliffFletcher

As Slava pointed out, there’s a big difference in security between a defined benefit pension and defined contribution pension. I’d also be curious to compare the investment returns of the big teachers pensions funds with average RRSP returns. The size of the teachers funds gives them a lot of heft.

That's true, although I think in general that security is more necessary in the de-accumulation phase, and it can be addressed with annuities. People always complain that they don't get anything back after death/guarantee period if they annuitize, but of course that's how a teacher's pension works as well

[corporatejay]

nm

[PepsiFree]

Originally Posted by corporatejay

What's my worry? I'm literally paying for this. Who else should worry about this?

So what? They’re paying yours. Every worker is paying for every other worker’s salary. Do you think money in the private sector is just magically waved into existence by an employer? Do you think when you buy milk at the grocery store you’re paying the cow? lol

If someone said you can spend an extra $50 per year and teachers will get a 20% raise, OR, you can take a 8% pay cut and teachers will get nothing, saving you the $50 per year, which would you choose?

[GGG]

Originally Posted by CliffFletcher

Is anyone here vilifying teachers? Quotes?

I’ve seen people say teaching is a good job. But it’s quite a spin to call that vilification.

YMMV, but I think any job that pays in the top 25 per cent, has a guaranteed pension*, and doesn’t involve routine exposure to violence or injury, is a good job.

* If teachers’ pensions are so bad, it’s odd that teachers retire on average 4 years earlier than the general Canadian population.

Of course they do they are forced to save money. If you ensured that 18% of your income was saved each year you do would retire earlier than average. Even if you just saved 14% each year you could retire earlier than 65. The forced savings is why teachers have good retirements.

That one is guaranteed and the other is not is not the driving factor between the difference in retirement date. It is simply the contribution amount.

A quick google suggests only 15-20% of people max out rrsps.

Also if you were curious about investment returns you could have spent all of 10 seconds googling

https://www.atrf.com/investment-resu...g%20the%20plan.

Which XGRO outperforms a very typical 80/20 globally diversified etf with home country bias.
https://www.blackrock.com/ca/investo...acts-en-ca.pdf

But one should note that comparing two things with dramatically different goals is not how we should be comparing performance despite performance being similar.

[#-3]

corporatejay,

Don't you think instead of worrying about how the feds wont give us more money, we could just stop lighting billions on fire annually with with UPC cronyism and right wing ideological pet projects that are doomed before they start? For some reason I thought you were all about personal accountability and it's time for Alberta to take some personal accountability


Having that sweat sweat Keystone money back would probably help us fund those issues, and Coalmine money, and war room money, and Tylenol money back (not the type that causes autism?), or the Private Surgery money back, or Sky palace money back, or lost investment revenue on cancelled energy projects .................................................. .................................................. .................................................. .................................................. .................................................. .................................................. .................................................. .................................................. .................................................. .................................................. .................................................. .................................................. .................................................. .................................................. .................................................. .................................................. .................................................. .................................................. .................................................. .................................................. .................................................. .................................................. .................................................. .................................................. .................................................. .................................................. .................................................. .................................................. .................................................. .................................................. .................................................. .................................................. .................................................. .................................................. ..............................................