Workers born in 1993 or later can expect a real rate of return of just 2.5 per cent from the CPP.
Albertans have higher average incomes, which means there’s a higher level of premiums paid into the fund.
Specific legislation governs the withdrawal of any province from the CPP.
Each Albertan would save up to $2,850 in 2027, the first year of the hypothetical Alberta plan.
For ESG to accomplish the environmental objectives championed by advocates, it must reduce investor returns.
Unlike an RRSP or TFSA, the CPP does not allow Canadians to withdraw money early.
It’s close, but assets do exceed liabilities.
Alberta workers accounted for 16.5 per cent of total CPP contributions while Alberta retirees consumed 10.8 per cent of CPP expenditures.