Freeland to meet with provincial finance ministers on possible Alberta CPP withdrawal

A letter from Freeland to her counterparts says she is convening the virtual meeting on Friday to speak to what she calls flaws underlying Alberta's proposed exit formula.

A throne speech from Smith's government on Monday did not mention the proposed withdrawal, and the premier said a promised referendum might not happen if public consultation suggests the idea isn't popular. Freeland says in the letter that some estimates note an analysis using the same formula would predict that Ontario, Alberta and British Columbia combined are entitled to 128 per cent of CPP assets — an outcome she calls"untenable" and"absurd."

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Chrystia Freeland convenes finance ministers’ meeting on Alberta pension proposalFederal finance minister wants to discuss ‘flaws’ underlying Alberta’s proposed formula for exiting Canadian Pension Plan
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Finance Minister to Discuss Alberta's Withdrawal from Canada Pension PlanFinance Minister Chrystia Freeland will meet with provincial and territorial finance ministers to discuss Alberta's potential withdrawal from the Canada Pension Plan. Alberta's government claims it deserves $334 billion if it leaves the CPP, but economists and the CPP Investment Board disagree.
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