What difference does it make if Alberta holds the pension money, or Canada does?

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How does it affect citizens either way? Isn’t it the same amount of money? Won’t it work like QPP where if you leave the province, they do transfers with CPP to ensure you get all your pension no matter where you live when you retire? What difference does it make who holds the money? Please objective answers only, I’m not looking for how individuals feel about it either way.

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Anonymous 0 Comments

The main difference is that the Alberta provincial government gets to decide what they do with it. Keep contributions the same, increase them, decrease them. It’s the same with payouts.

QPP and CPP have historically been close to each other on purpose, but it could also have gone very differently. If there were an APP, it could be the same or go very differently.

Why Québec often goes it alone is a whole other discussion and there is a whole historical context to it that you could argue goes all the way back to 1763 and it’s something I don’t want to get into.

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