Innovative Research Group reviewed the material around the proposed Alberta pension plan, including the Lifeworks report, the engagement panel’s website and the open-access survey.
Alberta Premier Danielle Smith speaks during a news conference in Calgary on Friday, Oct. 13, 2023. A new report commissioned by CPPIB shows engagement on the proposed Alberta pension plan falls short of its own objectives.And the investment board that handles the CPP is offering to help.
“This implies the Alberta government is not taking the consultation process seriously and is not transparent about how they respond to the concerns and preferences raised about the potential APP,” the research group wrote. Listing all of the questions in the survey, Innovative found the survey does not gauge Albertans’ thoughts on the matter, holding back Albertans from engaging actively and taking the process seriously.
In his letter to Dinning, Leduc proposed CPPIB provide information to Albertans, highlighting the benefits of CPP, the shortcomings of the Lifeworks report commissioned by the Alberta government, and risks in an APP proposal.Leduc also asked to be able to testify before the engagement panel to provide that information and allow the three-member panel to ask any questions they may have of the CPP administrator.
When the Lifeworks report was released on Sept. 21, along with the supposition that Alberta is entitled to 53 per cent of CPP funds if it exited, Leduc said that amount “does not add up.”“References to how much a province might claim from the CPP Fund should be regarded with caution and a high degree of skepticism until many issues are resolved between federal and provincial governments,” Leduc said at the time.
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