Alberta Finance Minister Nate Horner looks forward to speaking with his counterparts from other provinces and territories about the Government of Alberta’s desire to create an independent pension plan and the possible withdrawal of the Pension Plan of Canada (PRC).
According to him, Alberta has the right to want to set up its own pension plan. It is Albertans’ right to have this conversation, but I am happy to have conversations with others [ministres canadiens]he said during an interview that aired Sunday on a prime-time show on CBC.
Earlier this week, Ontario Finance Minister Peter Bethlenfalvy asked his federal colleague Chrystia Freeland for an emergency meeting with the country’s other finance ministers to discuss the Alberta project.
Citing a report from LifeWorks, the PCU government said the province could withdraw more than half of the CPP, or about $334 billion, by Jan. 1, 2027.
According to many experts and elected officials, including Canadian Prime Minister Justin Trudeau, such a project will have a significant impact on the finances of all Canadians, including Albertans.
I want to make it clear. This is not our report and we have not made an estimate. In addition, the selection is large.
What I said to Minister Freeland, what the Prime Minister [Danielle Smith] What is said is: If it is wrong, tell us. The CPP Act is federal legislation. If the interpretation [du rapport] is wrong, tell us the number.
The Government of Alberta has begun the consultation process to create such a pension plan. Depending on the results of the survey and consultations, Albertans may be asked to vote on the issue by participating in a referendum.
With information from Christian Paas-Lang