Chrystia Freeland is set to meet with provincial and territorial finance ministers to discuss Alberta’s proposal to withdraw from the CPP
The federal Finance Minister sharply rejected Alberta’s assertion that it is entitled to more than half of the assets in the Canada Pension Plan should it decide to split from the national fund, warning the Premier that she is putting her constituents at financial risk.that her claim that Albertans would pay less in pension contributions under a homegrown plan is “ultimately based upon a flawed analysis” of how much money the province would receive if it left the CPP.
Ms. Freeland, responding to Ms. Smith’s Oct. 18 letter to Prime Minister Justin Trudeau, said the CPP is the “foundation of a secure and dignified” retirement for Canadians, including those in Alberta. The legislation governing the CPP does not appear to oblige the federal government to provide a departing province with an estimate or to negotiate.
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