Alberta releases pension plan report, seeks 53% of CPP's assets

[jazz]

Dont worry chuck, I am, sure you will still get your $780 a month payout from CPP. Nice pension fund.

Apple has a valuation 10 times the CPP. What a joke.

[chuckChuck]

After coming out with such a bogus number, Danny's credibility has dropped even further. If that is possible?

She looks like a fool and many Albertan's will not support her plans to fight over the CPP if she can't make even basic credible claims.

[GALAXIE500]

After coming out with such a bogus number, Danny's credibility has dropped even further. If that is possible?

She looks like a fool and many Albertan's will not support her plans to fight over the CPP if she can't make even basic credible claims.

If Alberta votes for Knothead again , credibility will be the least of their concerns. A vote for the NDP is a vote for Trudeau Chuck. It's really sad how I have to remind you of this fact , again.

[fjlip]

CPP never made ANY investment sense...EVER. Wanted out 30 years ago.

Great idea Smith! give them hell!

[blackpowder]

Of course the CPPIB wants to keep its jobs where they are.
I happen to live in AB. And I do listen to some radio. Going to be one heck of a sell job to get buy in. I can count on one hand the people I deal with daily who could comprehend an entire G&M article.
As long as we have a younger work force, giving up $150B is a cheap divorce from the Chucks.

[jazz]

Of course the CPPIB wants to keep its jobs where they are.
I happen to live in AB. And I do listen to some radio. Going to be one heck of a sell job to get buy in. I can count on one hand the people I deal with daily who could comprehend an entire G&M article.
As long as we have a younger work force, giving up $150B is a cheap divorce from the Chucks.

BP nothing saying you can’t have 2 programs. Start the APP in parallel. Let people contribute to one or the other or even both. Once the APP starts out performing the CPP which isn’t hard you will see a rush of people abandoning CPP. You will have a lot of people moving to AB too which could upend the Laurentian control plans.

[blackpowder]

Yes, many things are possible and I support a change for several reasons. Personally I'm not sure you will get enough public support.

[newguy]

So, it's better to stay in an abusive relationship?

That is what the SE is thinking also.Too many in sask think their area has anything to do with Sasks financial situation.

[goalieguy847]

That is what the SE is thinking also.Too many in sask think their area has anything to do with Sasks financial situation.

As an albertan it seems like not a horrid idea EXCEPT that the last time they grabbed some pension money they gave it over to AIMCo to manage... who did horribly for awhile ( during covid though so
all funds did poorly except handsanitizing companies) and still arent getting the returns that the CPP is. The other concern is that AIMCO is at alot shorter arms length Than the CPP and govt in general dont have a great track record of doing well with money...

As for the dollar amount... i read an article that said if the other provinces used the formula that the Lifecompany who didthe report used..then something like 9 times the net value would be owed to all provinces...so you would wind up with provinces needing to pay, in order to get negative asset value
We all know the number they came up with overvalued but hey, you dont ask, you dont get!

Going to be an interesting ( and inevitable) supreme court battle over $ amount.

[jazz]

Shhh, dont tell the average retard canadian, but the CPP is technically insolvent. Or at least a ponzi.

From 2019; Imagine what it looks like now after covid, the stock market crash, inflation and govt bonds tanking. Canadians CPP contributions are directly funding Trudeaus money printing and inflation itself.

I dont think Smith wants to take over that potential Titanic, but she knows whats coming.

---------------



https://www.fraserinstitute.org/blog...a-pension-plan

[jazz]

[newguy]

Maybe she wants to get it before Polly buys a bunch of Bitcoins with it.