TORONTO — Finance Minister Chrystia Freeland agreed to convene a meeting with the finance ministers to discuss Alberta's proposal to withdraw from the Canada Pension Plan.
This comes after Ontario's finance minister called for a meeting in a letter to Freeland, saying Alberta's withdrawal could cause"serious harm."
Speaking in Calgary, Freeland said any province has the right to leave the program, but it's important that the decision"be based on facts and be clearly and well informed." "I recommend that Alberta's potential establishment of an Alberta Pension Plan be on the agenda, and we welcome a good-faith, rigorous analysis of the CPP Act withdrawal formula in advance of that meeting," he wrote.
The Alberta government commissioned a report that said the province would be entitled to leave CPP with $334 billion, more than half of the fund's assets. Bethlenfalvy said he would welcome a"rigorous analysis of the assumptions" that Alberta is using to justify its plan.
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