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By The Canadian Press

Next step on Alberta pension plan in spring, but no change without referendum; Kenney

Mar 11, 2021 | 6:10 AM

EDMONTON – Premier Jason Kenney says his government will make a decision this spring on whether to pursue pulling Alberta out of the Canada Pension Plan.

But Kenney says even if the United Conservative government proceeds, Albertans will have the final say through a referendum on whether to create an Alberta Pension Plan.

Treasury Department officials are currently studying the feasibility of Alberta going it alone on a provincial plan.

The move follows a report released last summer from the province’s Fair Deal Panel.

The panel reported that given Alberta’s young population a separate pension plan could be a multibillion-dollar net benefit.

However, the panel noted that it heard a lot of reaction both for and against a separate plan and that Albertans want assurance that the money will be there when they retire.

by The Canadian Press