this post was submitted on 21 Sep 2023
42 points (95.7% liked)

Canada

7204 readers
254 users here now

What's going on Canada?



Communities


๐Ÿ Meta


๐Ÿ—บ๏ธ Provinces / Territories


๐Ÿ™๏ธ Cities / Local Communities


๐Ÿ’ SportsHockey

Football (NFL)

  • List of All Teams: unknown

Football (CFL)

  • List of All Teams: unknown

Baseball

Basketball

Soccer


๐Ÿ’ป Universities


๐Ÿ’ต Finance / Shopping


๐Ÿ—ฃ๏ธ Politics


๐Ÿ Social and Culture


Rules

Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage:

https://lemmy.ca/


founded 3 years ago
MODERATORS
 

A report commissioned by the Alberta government says the province would be entitled to more than half the assets of the Canada Pension Plan - $334 billion - if it were to exit the national retirement savings program in 2027.

you are viewing a single comment's thread
view the rest of the comments
[โ€“] Backspacecentury@kbin.social 16 points 1 year ago (1 children)

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 โ€œowedโ€ 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.

[โ€“] Dearche@lemmy.ca 8 points 1 year ago

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.