Alberta last year argued it is entitled to more than half of the multibillion dollar fund and that it would consider holding a referendum on whether residents wanted to set up their own pension fund
Ottawa has completed its report about how the Canada Pension Plan would be divvied up if a province were to leave the national retirement program, but PremierMs. Smith said in an unrelated news conference Thursday that Alberta cannot proceed with a referendum on exiting the CPP in favour of establishing its own system until the federal government details her province’s slice.
“It doesn’t contain a number. And it doesn’t even contain a formula for how you get to a number,” Ms. Smith said. Alberta intends to reach out to the federal Finance Minister on how to get certainty around the province’s share of the fund, Ms. Smith said, once the political turbulence in Ottawa calms.
The Globe and Mail on Wednesday and Thursday asked spokespeople for the current and former federal finance minister for a copy of the report. The federal Finance Department instead provided a statement confirming Ottawa provided governments across the country with the report “on the interpretation of the asset transfer provisions in the CPP legislation” if a province were to exit the plan.
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