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submitted 11 months ago by [email protected] to c/[email protected]
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[-] [email protected] 32 points 11 months ago

They are trying to convince the Albertans they are gonna walk away with over half of the pension fund... which will never, ever happen. Ever.

Ever.

[-] [email protected] 11 points 11 months ago* (last edited 11 months ago)

I tend to think it was a misstep on Smith's part to make the report they funded so overwhelmingly positive for them. Even those who would be on the winning side of it have to be thinking it's too good to be true. Polling seems to back that up.

[-] [email protected] 8 points 11 months ago

Even if it did, it'll be handed over to O&G before the end of their term anyway.

[-] [email protected] 29 points 11 months ago

Conservatives have a tendency to destroy shit rather than conserve don't they? Maybe they should go by a different name. Fucking parasites.

[-] [email protected] 29 points 11 months ago

Regressives

[-] [email protected] 8 points 11 months ago

I like Ayn Rand's 'Second Handers', I enjoy heaps of irony.

[-] [email protected] 27 points 11 months ago

How the heck is this even supposed to work with cross province migration? I migrated from BC having paid the full amount into the CPP for many years and now Alberta gets to pay claim to it? What if I move after they seperate, two meager pensions? What a mess.

[-] [email protected] 15 points 11 months ago

Quebec has had its own pension plan for a long time. I expect should we go through with this, it'd be a similar mechanism to however they handle it.

Still a terrible idea though, because the UCP literally can not do math, or successfully manage finances.

But, the idea isn't unique, Quebec already did it... And the fact that the UCP isn't pointing that out as justification to me speaks volumes about the political hatred for Quebec by the Albertan right wing.

[-] [email protected] 20 points 11 months ago

From what I read Quebec didn't leave though. They just never joined

[-] [email protected] 1 points 11 months ago

I guess you could maybe just let all albertans who have retired take from the cpp going forward from the start date, then everyone after that just contributed to app, but that will take like 45+ years to fully switch over and need to deal with the overlap somehow throughout that time.

[-] [email protected] 1 points 11 months ago

If you do that so that anyone born after 2004 or whatever only contributes to app it's not gonna be fair to them when the app goes bankrupt

[-] [email protected] 6 points 11 months ago

It works "fine" for QPP, so I assume it would be the same for APP. Out of all the very valid concerns over this plan, inter-provincial migration isn't really one of them.

[-] [email protected] 5 points 11 months ago

Also worth noting that as a remote employee of QC from SK, I find myself paying into both QPP and CPP now, reducing my expected takehome overall.

[-] [email protected] 4 points 11 months ago

Yeah you for sure are only supposed to be paying one. I worked from AB for a QC based company for a few years.

[-] [email protected] 4 points 11 months ago

AFAIK, it should just be QPP deductions. Either way, your over-contributions should be sorted out at tax time.

[-] [email protected] 23 points 11 months ago

Yes, it's not like the oil and gas companies are going to give back all that money after Danielle Smith gives it to them. They aren't even paying to clean up their own messes when they've squeezed every possible dollar out of the province and leave.

[-] [email protected] 4 points 11 months ago

Nope. It all goes to their overpaid executives. Somebody has to pay for their private jets and multiple residences on Kauai.

[-] [email protected] 16 points 11 months ago

I hate it here

[-] [email protected] 7 points 11 months ago

Does anyone have the original Trudeau letter? I can't find it

[-] [email protected] 10 points 11 months ago* (last edited 11 months ago)

This was surprisingly bothersome to dig up, but I was able to find it: https://twitter.com/BryanPassifiume/status/1714637930977767619

[-] [email protected] 4 points 11 months ago

Thanks! I can't believe how hard it was to find!

[-] [email protected] 7 points 11 months ago

Those crazy Albertans.

this post was submitted on 22 Oct 2023
80 points (96.5% liked)

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