this post was submitted on 21 Sep 2023
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I read another article that said the half number comes from the idea that Alberta had never contributed to CPP and had their own plan since the sixties, when in reality, if you were to calculate how much they would be โowedโ would be closer to 20%. Still a large number, but the way this report will be pushed on the Albertan populace to try to push a yes vote on a referendum is so underhanded and classless. Which, of course, is exactly what everyone had to expect from the physical embodiment of ignorance that is Danielle Smith.
And with the declining importance of oil, along with the lack of infrastructure and economic buildup because they didn't tax that oil revenue properly over the decades, if they really went independent on this, if anything, all retirees would be fucked over the next decade.
Honestly, I bet that the number they came up with was simply based on theoretical contributions according to the profits made on oil without actually looking at the contributions themselves.