Thread by @yomeeks

This is your daily pension announcement: I will again direct your attention to what Canada's preeminent pension expert has to say about an Alberta Pension Plan.
It is a stupid idea based on the underwriting risk alone. #AbLeg #handsoffmypension
kpa-advisory.com/policy-papers/…

Defined benefit pensions are all about risk management. A point that is not well understood by the sellers of the APP "vision". Simply put, since the APP would be so much smaller than the CPP premiums would have to be more since the fund has less ability to absorb shocks. #ABLeg

These shocks might be investment (think financial crisis) or experience (think people living longer). But either way the plan needs to be structured to be able to deal with these risks. #AbLeg #handsoffmypension

Most people currently selling the APP do not account for the underwriting risk. They have not even convinced me the know what it is. The whole "costs less same benefits as CPP" justification is BS. They have no basis to make that claim. #AbLeg #handsoffmypension

Travis does have a detailed study (paid for by taxpayers) on his desk by actual experts in this field. Why don't we have a gander at what it says?

Oh that is right....he isn't releasing the report. Wonder why that is... #AbLeg #handsoffmypension