Alberta workers paid $27.9 billion more into CPP than Alberta retirees received in payments over past decade
Albertans Make Disproportionate Contributions to National Programs: The Canada Pension Plan as a Case Study
By Fraser Institute —— Bio and Archives--April 3, 2019
Canadian News, Opinion | Comments | Back To Full Article
CALGARY—Alberta workers paid $27.9 billion into the Canada Pension Plan over and above what retirees in the province received in CPP payments over the past 10-year period, finds a new study released today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.
In fact, Alberta’s disproportionate net contribution to the CPP kept the payroll tax rate for all workers (prior to the expansion) at 9.9 per cent instead of 10.6 per cent—the amount required to maintain the same level of pension benefits without Alberta workers contributing.Welcome to CFP’s Comment Section!
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