Provincial plan could burden future generations with falling contributions and declining assets
One of Canada’s leading pension experts is warning Albertans to consider the “double jeopardy” of falling contributions and investment asset values they might be subjecting future generations to if they replace the Canada Pension Plan with a provincial alternative.
“It’s a simple diversification argument: If your underlying economy is to a significant degree dependent on the health of a particular industry that if you also put your retirement savings into that industry, it’s double jeopardy,” Ambachtsheer said.
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