Canada's chief actuary report at odds with Alberta's pension plan estimate
- Canada's Chief Actuary report states Alberta should not receive more than half of the Canada Pension Plan's assets if it leaves the fund, contrary to Alberta's claims.
- The Chief Actuary's paper suggests Alberta's share is between 20 and 25 percent of total assets, rather than the claimed 53 percent.
- Chief Actuary Assia Billig noted that the LifeWorks formula would violate federal legislation by leaving provinces with negative allocations.
- The federal finance department is reviewing the Chief Actuary's findings alongside provinces and territories.
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Coverage Details
Total News Sources0
Leaning Left8Leaning Right3Center2Last UpdatedBias Distribution62% Left
Bias Distribution
- 62% of the sources lean Left
L 62%
15%
R 23%
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