Alberta Premier Danielle Smith wants her province to leave the Canada Pension Plan and start one of its own. Smith argues an Alberta-only plan would be fairer to Albertans and save money.
The premier bases this claim on a report put together by the consulting firm LifeWorks.
When the plan was set up in 1966, provincial participation was made voluntary. Quebec made immediate use of that provision, turning its back on the national plan and setting up its own QPP. Yet while that may be so, a well-regarded economist at the University of Calgary, Trevor Tombe, reworked the math. He came to the conclusion that Alberta would indeed benefit financially by withdrawing from the CPP.
So do go-it-alone pension schemes make sense? One obvious flaw is that if provinces create their own plans, the fact that their populations are much smaller brings larger risk factors into play.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Premier Danielle Smith announces changes to ‘refocus’ Alberta Health ServicesPremier Danielle Smith announced changes to Alberta Health Services, saying the new system will be “more accountable, ensuring consistent quality care across the province.”
Read more »
Danielle Smith’s health care overhaul strips Alberta Health Services of policy-powersUnited Conservative Party’s to reorganize AHS into four organizations: primary care, acute care, continuing care, and mental health and additions
Read more »
Tucker Carlson’s event is a spectacle that Alberta doesn’t needAlberta Premier Danielle Smith will do an onstage chat with the controversial American pundit in Calgary
Read more »
South Korea’s Posco Holdings considering investment in Alberta lithium fieldsPosco signed a memorandum of understanding this week with provincial Crown corporation Invest Alberta
Read more »
Alberta government unveils health-care system overhaul | Watch News Videos OnlinePremier Danielle Smith has announced sweeping changes to dismantle Alberta Health Services — reducing it to one of four new service delivery organizations, all reporting directly to the Ministry of Health. Morgan Black has more on the changes.
Read more »
How we can set out ground rules for the debate over an Alberta pension planThe national conversation over Alberta’s potential withdrawal from the Canada Pension Plan is likely to get heated. Referring the issue to the Supreme Court could lower the temperature
Read more »