The two sides exchanged duelling public letters Wednesday as federal Finance Minister Chrystia Freeland prepares to host the virtual meeting of finance ministers from across Canada to discuss Alberta’s CPP-exit campaign and its ramifications for the rest of the country.
Economists and the CPP investment board calculate that number to be far less and more in line with Alberta’s CPP population representation of 15 per cent. The $334 billion is the central number around the debate that began a month ago and has rippled across the country, sparking concern on what an Alberta pullout would mean for everyone in the CPP.
Freeland, in her letter Wednesday to Smith, said Albertans need to be fully informed on the benefits of staying in the CPP and the risks of opting out. “If Alberta were to withdraw from the CPP, the retirements of millions of Albertans would be at risk. Smith said if Alberta and the federal government can’t agree on a number, the matter may have to be resolved through the courts — an option that could take years.
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