The UCP's Alberta pension drive is revived and forging ahead yyc ableg abpoli Column by DonBraid:
from Premier Danielle Smith charges him with “releasing the Alberta Pension Plan report and consulting with Albertans on its findings, to determine whether a referendum should be held to establish an Alberta Pension Plan that will increase pension benefits for seniors, reduce premiums for workers, and protect the pension interests and benefits of all Albertans.”
Government sources suggest that when the time comes for a referendum, probably in two years, there will be specific dollar amounts for each age at which retirees decide to start taking the pension. The payments would be meaningfully higher than CPP maximums, now about $1,300 for people starting to collect at age 65.
That might convince some people. But why trade the safe, reliable Canada Pension Plan, backed by a population of 40 million, for an Alberta pension fund based on a population of only four million? One key argument is that Alberta’s young, relatively high-earning populace already contributes massively to the CPP, while Alberta seniors are paid pensions on the same scale as other Canadians. The government feels there’s huge economic power behind this plan, and it should benefit Albertans directly.There was an error, please provide a valid email address.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
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