Discover and read the best of Twitter Threads about #dontpullout
Most recents (4)
The Pension War Room™️ brings you the advice that was given to Travis on the CPP! Since all this RCMP stuff is hitting the fan, I gotta pile on. Nobody wants an Alberta Pension Plan to replace CPP. #ABLeg
Especially since it would cost more. Lots more.
Especially since it would cost more. Lots more.
Travis was given advice on withdrawing from CPP on Sept 18, 2019. It read in part:
"The ability to pool risks associated with longevity, mortality, and investment, which are an advantageous feature associated with funding defined benefit pension plans,..."
"The ability to pool risks associated with longevity, mortality, and investment, which are an advantageous feature associated with funding defined benefit pension plans,..."
"...would be considerably smaller under an Alberta Pension Plan."
In other words, withdrawing from CPP would be a risky financial proposition. #ABLeg #dontpullout
In other words, withdrawing from CPP would be a risky financial proposition. #ABLeg #dontpullout
The Pension War Room™️ comments on the Fair Deal Report: Wow, what a blatant pile of unconstitutional dog whistles reheated by that has-been Preston. I will try to stick to my lane, which is the (stupid) suggestion of pulling out of CPP. #ABLeg
The panel suggests that the idea of an APP needs to be studied. No. They need to read the study that was already done by a preeminent Canadian pension expert: #ABLeg (Sorry this might be a TL:dr)
kpa-advisory.com/policy-papers/…
kpa-advisory.com/policy-papers/…
Or, if you want something shorter, read this for quotes from Malcolm Hamilton another top shelf pension expert: #ABLeg
benefitscanada.com/news/can-cpp-h…
benefitscanada.com/news/can-cpp-h…
This is your daily pension announcement: The Pension War Room™️ is going commando! The "fair deal" AB separation panel has handed in a report. Can't wait...leaked excerpts will start appearing in @postmedianet papers any day. My lane is the CPP. #ABLeg
pensionpulse.blogspot.com/2020/02/albert…
pensionpulse.blogspot.com/2020/02/albert…
I hate governments that speak to their electorate through intentional leaks.
@jkenney is going hard for a APP. If you understand long term then you understand this is a bad idea. He believes that CPP contributions fly out of the province never to return.#ABLeg #handsoffmypension
@jkenney is going hard for a APP. If you understand long term then you understand this is a bad idea. He believes that CPP contributions fly out of the province never to return.#ABLeg #handsoffmypension
In fact, his neo-liberal ideology has even framed these contributions as some kind of ransom payments. It is true that because AB has young, high earning (at least it used to be) workforce. They are net contributors to CPP> #ABLeg #dontpullout
This is your daily pension announcement: Actuary lays the boots to the Alberta Pension Plan. Malcolm Hamilton, a retired actuary and the most respected pension expert in Canada, had this to say about Jason and Travis' trial balloon of an APP pull out from CPP. #dontpullout
I quote from Pension Pulse: "There are many subsidies in a national pension plan. Men may subsidize women, who live longer. The poor may subsidize the rich, for the same reason. The healthy subsidize the less healthy." #handsoffmypension
"In the CPP and QPP, past generations had a better deal than future generations. Alberta may have subsidized other provinces in the past but that does not mean that Alberta will subsidize other provinces in the future. Its population and economy may change."
