Photo credit: Dreamsime.

By The Canadian Press

Alberta

Hard questions may need to be asked soon about possible Alberta pension plan says Premier Smith

Sep 12, 2024 | 6:32 PM

EDMONTON – Premier Danielle Smith says if Ottawa comes back this fall with a lowball estimate on Alberta’s share of the Canada Pension Plan, hard questions will have to be asked on next steps.

Her government estimates it deserves more than half of the national retirement plan if it were to withdraw about 334-billion dollars.

Smith says when the province gets a number, expected from Canada’s chief actuary this fall, it will need to decide if the federal government is being unrealistic and unreasonable.

If it’s based on a per-capita formula, that would leave the province with only about 93 billion dollars, which isn’t enough to reduce premiums or increase benefits.

At that point, she asks if it’s still worth it.

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Smith’s United Conservative government has argued Albertans are getting a raw deal under the national retirement plan.

She’s faced continued pressure from party members pushing for action on the file.

(The Canadian Press)