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

[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.

[Guest]

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

FFS CHUCK , why do you need two logins ?
You hafta try and deviate from you’re usual shit if you want people to think your someone else?