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Published 3 months ago

Alberta deserves more than half CPP assets if it exits program: report

  • The province of Alberta in Canada is considering leaving the Canada Pension Plan and going solo, as a report suggests it is entitled to over half of the program's assets. This move would have a significant impact on the country's retirement safety net.
  • The report highlights that a literal reading of the legislation would result in Alberta receiving an asset transfer of $637 billion, surpassing the CPP's total base assets of $575 billion. Alberta plans to pursue this course of action in the coming months.
  • If Alberta were to exit the national retirement savings program, it would have substantial financial implications for both the province and the CPP. The report's findings have sparked a debate about the fairness of asset distribution and the future of the pension plan.
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