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"For something this big, Albertans deserve the benefit of a rational, adult conversation."
And we are going to make one of the central premises of this rational, adult conversation that Alberta is owed over half the CPP's fund.
Please.
Better headline:
"UCP wants to raid CPP to feed more money into O&G."
It's extortion by a rogue authoritarian leader/conspiracy theorist group against 40,000,000 people.
The UCP needs a bigger pot of pension funds to prop up oil and gas. They rewrote the laws a few years back to allow them to put health pensions in. I can only assume it went poorly and they need more gambling money to try and cover the debts.
I'm as hard of a "no" on this as possible. I'm absolutely convinced that when the smoke and mirrors collapse the healthcare pensions are gone, don't need to take Albertans CCP contributions w/ them.
Alberta makes up a bit under 12% of the population. Best offer? 12% of the CPP. Good luck with that.
Why are the people of Alberta getting duped by this crazy woman?
We were sooo close to having Notley again.
FWIW leaving CPP is maybe the most unpopular idea yet.
The report by pension analyst LifeWorks calculates the province deserves more than half of the $575 billion in the CPP fund, and says with that money an Alberta pension plan could deliver lower contribution costs and higher payouts.
I'd like to see how LifeWorks came to that conclusion
They basically created a formula out of thin air. Using the same formula Ontario would be entitled to something like 68% of the fund.
This is the best summary I could come up with:
Alberta is to begin telephone town-hall consultations with the public starting next week on whether to quit the Canada Pension Plan.
An engagement panel led by former provincial finance minister Jim Dinning announced Thursday there will be five 90-minute town-hall discussions over six weeks, each session focused on getting feedback from a different region.
"Now that the LifeWorks report is out for discussion, our panel has been tasked with listening to Albertans and hearing their thoughts, views and concerns about a provincial pension plan," Dinning said in a statement.
The NDP says Albertans have already made their feelings known in numerous public surveys that suggest a majority don't want the province to touch CPP.
The NDP is holding its own online consultation with Albertans on the topic on Oct. 19 at 6:30 p.m., hosted by caucus finance critics Shannon Phillips and Samir Kayande.
"The fact that the so-called [government]ย consultation on the future of the Canada Pension Plan does not include any in-person town halls is a move of pure cowardice," she said.
The original article contains 458 words, the summary contains 172 words. Saved 62%. I'm a bot and I'm open source!
If the QPP isn't even doing better then the CPP how is Alberta going to do better?
k bye