Alberta State Pension Fund: Thoughts because of Elon Musk, and PEI

[August1991]

1. Quebec has one. Our federal constitution allows this.

2. It should be transferable. That is, if someone works in Alta and then retires in Nfld - or vice-versa, the calculations should be the same.

2a. The rules of contribution/payment should be the same across provinces.

3. Quebec has a Caisse bureaucracy that decides how to use these savings. Why not Albertan bureaucrats?

4. Musk's point: I reckon that there are huge errors in the US Federal Social Security scheme.

4a. Quebec bureaucrats also administer payments in the RRQ.

4b. PEI? Centuries ago, as a graduate student, I recall a conversation with a student from Summerside, or Charlottetown - is that how you spell it? Anyway, she was from PEI. We were discussing student loan problems. To correct my problem, I was discussing what to do.

I'll never forget her answer: "When I have a problem, I phone Mabel."

====

In PEI, at the time, there was a single person who knew every graduate student.

 

[TreeBeard]

On 2/25/2025 at 5:43 PM, August1991 said:

2. It should be transferable. That is, if someone works in Alta and then retires in Nfld - or vice-versa, the calculations should be the same.

2a. The rules of contribution/payment should be the same across provinces

It’s almost like it should be a national pension!   Oh wait…. there is one. 
 

[August1991]

On 2/27/2025 at 6:58 PM, TreeBeard said:

It’s almost like it should be a national pension!   Oh wait…. there is one. 
 

Pearson and Trudeau Snr made it so.

But each province can manage it.

[TreeBeard]

17 minutes ago, August1991 said:

 

But each province can manage it.

Errr….   no. 

[August1991]

2 hours ago, TreeBeard said:

Errr….   no. 

Federal CPP?

I reckon that the people of PEI are better placed to manage - check - their savings.

At the federal level, imagine what can happen.

True, what can happen at the local level!

[TreeBeard]

5 hours ago, August1991 said:

Federal CPP?

I reckon that the people of PEI are better placed to manage - check - their savings.

At the federal level, imagine what can happen.

True, what can happen at the local level!

PEI is the size of a gnat with zero buying power.  You don’t understand economies of scale.  

[herbie]

WTF? How do you even put Alberta Pension idea, Musk, and Prince Edward Island into a post as if they're even related at all?

[TreeBeard]

7 hours ago, herbie said:

WTF? How do you even put Alberta Pension idea, Musk, and Prince Edward Island into a post as if they're even related at all?

Drugs, or brain injury. 

[August1991]

On 3/4/2025 at 4:07 AM, TreeBeard said:

PEI is the size of a gnat with zero buying power.  You don’t understand economies of scale.  

Disagree. You don't understand federal Canada.

====

Canada is civilised.

[August1991]

On 3/6/2025 at 10:28 PM, TreeBeard said:

Drugs, or brain injury. 

Economies of scale? Buying power?

Drugs?

In some cases, it's better to be the small guy.

====

Zero-sum game thinking.

[TreeBeard]

2 minutes ago, August1991 said:

Economies of scale? Buying power?

Drugs?

In some cases, it's better to be the small guy.

====

Zero-sum game thinking.

You don’t understand Pearson’s Canada.  
 

You think too small.  
——

John A.  
Harper.
Carney. 

[August1991]

On 3/12/2025 at 10:29 PM, TreeBeard said:

You don’t understand Pearson’s Canada.  
 

You think too small.  
——

John A.  
Harper.
Carney. 

Disagree,

Pearson fought in the Great War. He knew about war, and how wars foolishly start.

He brought Trudeau Snr into federal government.

 

[August1991]

On 3/6/2025 at 2:38 PM, herbie said:

WTF? How do you even put Alberta Pension idea, Musk, and Prince Edward Island into a post as if they're even related at all?

These ideas are entirely related.

====

PEI works, within a federal system.

California has more people than Canada - and yet Canada has two official languages, and the Quebec government manages its own pension scheme, its own Social Security.

[August1991]

Alberta should have its own pension scheme.

Quebec does.

[Aristides]

On 4/5/2025 at 6:17 PM, August1991 said:

These ideas are entirely related.

====

PEI works, within a federal system.

California has more people than Canada - and yet Canada has two official languages, and the Quebec government manages its own pension scheme, its own Social Security.

PEI has about the same population as Abbotsford BC.

[herbie]

The whole point of federal programs like this and even the so-hated-by-extreme right transfer funds is so we don't have rich and poor provinces with totally different standards of living.
If you're opposed to that idea, you don't belong here.

[August1991]

6 hours ago, herbie said:

The whole point of federal programs like this and even the so-hated-by-extreme right transfer funds is so we don't have rich and poor provinces with totally different standards of living.
If you're opposed to that idea, you don't belong here.

Disagree, Herbie.

Survive? Disagree with Atwood.

The whole point of Canada, we Canadians, I agree with Trudeau Snr's point. We get along.

[herbie]

You love to  say how we agree, yet disagree with the things the things that make us like that.
You want provinces with populations smaller than some suburbs to entirely fund itself? Halifax to have fewer or lesser quality services than Toronto?