APP Alberta Pension Plan

[pfi572]

Seems to me a no brainier from what I have heard and read so far .
People o talk too think the same thing so far .
What’s the S&M group thoughts ?

 

[Chump]

I don't need the government to manage my money. They have proven to me that there totally incompetent. I will manage my own retirement.

 

[ABMax24]

I haven't looked into it much.

But what's happens if you work your life in Alberta and decide to retire somewhere else in Canada, would that effect a persons pension?

 

[BILTIT]

No you keep it wherever you go.

 

[snopro]

I figure if the Liberals and the NDP are against it then it must be a good program? Quebec has their own system separate from Canada. Yet the Turd doesn’t want us to have our own? Sounds like what we have now is just another equalization scheme.

 

[BILTIT]

I figure if the Liberals and the NDP are against it then it must be a good program? Quebec has their own system separate from Canada. Yet the Turd doesn’t want us to have our own? Sounds like what we have now is just another equalization scheme.

When you see the numbers, it is a huge equalization scheme. Something like 15% of albertans are part of the cpp but pay for 53% of the fund.

 

[BILTIT]

Alberta Pension Plan: What's in it for you?

Alberta's government has released a third-party report on exploring the possibility of setting up a potential Alberta Pension Plan. Learn more & have your say.

www.albertapensionplan.ca

 

[snopro]

There is a lot of people against changing it, especially elderly people. They are saying leave well enough alone. I guess they are fine getting hosed?

 

[catinthehat]

There is a lot of people against changing it, especially elderly people. They are saying leave well enough alone. I guess they are fine getting hosed?

I think they are scared that they will lose the pension they have spent their lives paying into.

 

[ABMax24]

What I like is it would allow Alberta to invest in Alberta. Our pensions could be used to invest in projects in Alberta that employ Albertans. It could have a have a run away effect and allow us to become more wealthy and financially stable, like Norway.

 

[MP Kid]

Agreed… just another way Albertans are supporting an above average portion of the fund, and then not receiving that back. Hidden equalization…..
I don’t think the CPP has been mishandled, fund managers are the same regardless of the current government.

I’d be more interested to know if all the proper funds make it into the CPP plan!!!!

 

[LUCKY 7]

According to the news they say that "most albertans are against it". I say thats bullsh**

 

[Chump]

According to the news they say that "most albertans are against it". I say thats bullsh**

You still watching the news? They lie about everything

 

[The big greasy]

You still watching the news? They lie about everything

Some eat it like candy....They get screwed hard and love it, but the news said otherwise.

 

[ferniesnow]

I figure if the Liberals and the NDP are against it then it must be a good program? Quebec has their own system separate from Canada. Yet the Turd doesn’t want us to have our own? Sounds like what we have now is just another equalization scheme.

Right on Ken. If Quebec has their own, separate from the Canadian Pension Plan, it must be for a money saving reason. It is real interesting how many things are different in Quebec other than the language issues.

 

[imdoo'n]

I'm all for it, keep the money here in Alberta, Our beloved Tru-d will keep trying to come up with some way to take the money otherwise. Alberta pension plan gets an OK from me.

 

[pfi572]

Agree

I don't need the government to manage my money. They have proven to me that there totally incompetent. I will manage my own retirement.

Agree 100% but when you have to pay into it might as well get the best bang for your contraritiion .
It’s a big scam in the long run as pay tax on it when you contribute and then pay on it again when you start using it .
Tip over at 60 and all those years paying are gone as doesn’t go to spouse or estate .

 

[Caper11]

I did the survey, I think it’s a good thing. Keep the money in Alberta, I am unsure if letting the government look after it is a good thing, Get an Alberta DB pension plan going.

Quebec did it so it must be better for the residents of that province, right?


Sent from my iPhone using Tapatalk

 

[ABMax24]

Sickening. Looks like the graph for provincial equalization.

 

[Stg2Suby]

Rahim Mohamed: Alberta claim to half of CPP makes it clear who pays the bills

The province's withdrawal would force a higher contribution rate in the rest of the country and could endanger the CPP's solvency

nationalpost.com

An independent report released on Thursday indicated that Alberta’s withdrawal from the Canada Pension Plan (CPP) would trigger a mammoth $334-billion asset transfer to Wild Rose Country — a sum that would comprise over half of the fund’s total assets.

Gotta love the last sentence in this article as well:

If the newly single Trudeau continues on his present course of confrontation with Alberta, he could soon find himself in a situation where two women — Sophie Grégoire and Danielle Smith — are each after half his assets.