Alberta awaits a concrete figure from Canada's chief actuary on its potential withdrawal from the Canada Pension Plan. The report received lacks an estimated value for Alberta's share, delaying the possibility of a referendum.
The Alberta government has received a response from Canada's chief actuary regarding its proposal to withdraw from the Canada Pension Plan , but the report does not include an estimate of the province's share. Justin Brattinga, press secretary to Finance Minister Nate Horner, stated that while they received the actuary's interpretation of the legislation, it lacked a numerical value or formula for calculation.
The government is currently analyzing the report and plans to provide further updates in due time. They emphasize that a referendum on the matter will not proceed until a definitive figure is established for Albertans. Premier Danielle Smith's United Conservative Party government, elected in 2023, initiated this discussion. Their initial estimate pegged Alberta's share at $334 billion, while the Canada Pension Plan Investment Board placed the amount closer to $100 billion. Premier Smith has expressed her desire to review the federal estimate before presenting the issue to Albertans for a potential referendum. She acknowledges that the specific amount is crucial, stating that if it doesn't enable significant premium reductions or rebates for existing pensioners, Albertans might deem it unviable
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