Federal finance minister wants to discuss ‘flaws’ underlying Alberta’s proposed formula for exiting Canadian Pension Plan
Deputy Prime Minister and Minister of Finance Chrystia Freeland will convene the country's various finance ministers for a virtual meeting to discuss Alberta's pension ambitions.Federal Finance Minister Chrystia Freeland is convening a Friday meeting of provincial and territorial finance ministers to discuss Alberta’s proposal to withdraw from the Canada Pension Plan.
Were that formula applied to Alberta, Ontario and British Columbia, Ms. Freeland said some experts have concluded that the three provinces would be entitled to 128 per cent of CPP assets.She said Canadians know that Alberta’s proposed withdrawal is a threat to the pensions of people in Alberta and across Canada.
Alberta Premier Danielle Smith has proposed establishing a provincial pension plan after withdrawing from the Canada Pension Plan.
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