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A look at the numbers and assumptions behind Alberta's pension report

  • Premier Danielle Smith of Alberta argues that the province pays more into the pension plan than it needs to fund benefits for seniors, due to a younger population and higher earnings.
  • The report suggests that Alberta residents would only have to pay 5.9% of their income towards a provincial pension scheme, which is lower than the current rate for the Canada Pension Plan.
  • It is estimated that Alberta could claim about 25% or $150 billion of the Canada Pension Plan's assets, which contributes to the calculation of an 8.2% contribution rate for the province.
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Bias Distribution

  • 43% of the sources lean Right
43% Right
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Edmonton Journal broke the news in Edmonton, Canada on Thursday, September 21, 2023.
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