Deputy Prime Minister and Finance Minister Chrystia Freeland responds to a question during a news conference in Ottawa, on Oct. 24.Finance ministers from across the country will meet up virtually with their federal counterpart Chrystia Freeland today to discuss Alberta’s proposal to quit the Canada Pension Plan.
Freeland called the meeting amid concerns about the ramifications of Alberta leaving the federal retirement plan to set up its own standalone program.Freeland says Albertans need to know the CPP delivers among the best returns in the world and that an Alberta pullout would put the program at great risk for millions.
Alberta Finance Minister Nate Horner says he looks forward to discussing the pension issue, along with other points of inter-governmental dispute, including the federal carbon tax. Alberta Premier Danielle Smith had planned to hold a possible referendum on leaving the CPP in 2025, but now says she won’t hold it until governments or the courts deliver a hard number on how much Alberta will get if it leaves the CPP.
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