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Alberta government wants to leave CPP
(www.cbc.ca)
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this post was submitted on 13 Oct 2023
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I can imagine Albertans being upset that they make a high percentage of the contributions but get a small portion of the payouts.
That doesn't make any sense; that's not how it works. Everyone's individual CPP contributions are proportional to their pension. There's no preferential treatment for anybody.
Exactly, I don't know the actual statistics (as the OC didn't provide any) but if they actually are paying in more than they're receiving it means they have a lot more workers than retirees. Sounds like a good deal when factoring in other provincial costs like healthcare for example.
And they are because Alberta is statistically the youngest province
Oh man, I feel dumb. Yeah I was thinking of ei.
I mean I can still imagine them being upset because they think they make more contributions than they receive in payouts.... (false assumption like I just made).