Employment Minister Randy Boissonnault says while Alberta is legally allowed to withdraw from the Canada Pension Plan, doing so would be a 'one way ticket,' with no chance of return.
I tend to think it was a misstep on Smith's part to make the report they funded so overwhelmingly positive for them. Even those who would be on the winning side of it have to be thinking it's too good to be true. Polling seems to back that up.
How the heck is this even supposed to work with cross province migration? I migrated from BC having paid the full amount into the CPP for many years and now Alberta gets to pay claim to it? What if I move after they seperate, two meager pensions? What a mess.
Quebec has had its own pension plan for a long time. I expect should we go through with this, it'd be a similar mechanism to however they handle it.
Still a terrible idea though, because the UCP literally can not do math, or successfully manage finances.
But, the idea isn't unique, Quebec already did it... And the fact that the UCP isn't pointing that out as justification to me speaks volumes about the political hatred for Quebec by the Albertan right wing.
It works "fine" for QPP, so I assume it would be the same for APP. Out of all the very valid concerns over this plan, inter-provincial migration isn't really one of them.
Yes, it's not like the oil and gas companies are going to give back all that money after Danielle Smith gives it to them. They aren't even paying to clean up their own messes when they've squeezed every possible dollar out of the province and leave.