Alberta’s Pension Plan feud escalates amid public feedback panel
Posted Oct 24, 2023 8:36 pm.
Last Updated Oct 24, 2023 8:38 pm.
Alberta’s Opposition leader says the province’s decision to launch a misinformation campaign on whether it should dump the Canada Pension Plan is making life difficult for the panel gathering public feedback.
Rachel Notley says panel chairman Jim Dinning is being forced to deliver non-answers due to a lack of information on what it will look like if the province left the C-P-P and set up its own Alberta Pension Plan.
Premier Danielle Smith’s United Conservative government says an Alberta plan would deliver better returns and lower payments.
Other economists and the C-P-P board say the estimate is based on an absurd calculation that Alberta will get half of all C-P-P assets if it leaves the plan.
Dinning’s panel has been hearing submissions from the public, including questions on how the plan will be managed and how much money the province will get. It will make a recommendation in the spring on whether the issue should go to a referendum.