The idea of a separate pension for Alberta is highly political, and it is likely both the federal government and the other provinces won’t sit back while their pensions are decimated
the day before the announcement, analysis procured by the Alberta government says that the province would be entitled to $334-billion from the CPP’s projected total assets of $575-billion as of 2027.
The contentious report leans on the fact that Alberta – with higher per-capita incomes and labour-participation rates, plus a younger demographic – has contributed more to the CPP since it was created nearly 60 years ago. The Canada Pension Plan Investment Board estimates that, based on its calculations, Alberta would be entitled to the share of contributions the province has made since formulation – around 16 per cent of assets, or about $100-billion.
“A province that accounts for only 16 per cent of total contributions can’t legally, realistically or morally be allowed to claim more than half the assets.”
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