Ontario asks for finance ministers’ meeting on Alberta’s proposal to exit CPP

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Peter Bethlenfalvy has written to Chrystia Freeland to ask for a federal-provincial-territorial meeting of finance ministers.

Ontario Finance Minister Peter Bethlenfalvy speaks at the Chinese Centre of Greater Toronto in Scarborough, Ont., on Friday, March 24, 2023. Bethlenfalvy is asking federal Finance Minister Chrystia Freeland to convene a meeting to discuss Alberta's proposal to withdraw from the Canada Pension Plan, saying the plan could cause "serious harm.".

Bethlenfalvy has written to Freeland to ask for a federal-provincial-territorial meeting of finance ministers and is calling for a “rigorous analysis” of the assumptions Alberta is using to justify its plan. He says that when people across the country are facing increasing pressures on household budgets, they shouldn’t have to worry about the security of their retirement savings.

The Alberta government commissioned a report that said the province would be entitled to leave CPP with $334 billion, more than half of the fund’s assets.3 children among victims of intimate partner shooting in northern Ontario, police say That reported cited Alberta’s relatively younger working population, higher incomes, fewer seniors drawing CPP and years of high contributions from people in the province.Paul Bernardo transfer: Prison officials ‘intervened’ to stop public statement

 

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Ontario finance minister calls for 'urgent' meeting with Freeland over Alberta's proposed CPP withdrawalAlberta’s proposal to leave the Canada Pension Plan (CPP) could cause 'serious harm' to working people and retirees, Ontario’s finance minister said in an open letter published Wednesday.
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Ontario asks for finance ministers' meeting on Alberta's proposal to exit CPPTORONTO — Ontario Finance Minister Peter Bethlenfalvy is asking federal Finance Minister Chrystia Freeland to convene a meeting to discuss Alberta's proposal to withdraw from the Canada Pension Plan, saying the move could cause 'serious harm.
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