Reacting to that news, Smith appeared on a"That should be something that should concern Ontario and Quebec in particular, as well as the other parts of the country, because there's a huge transfer of wealth that comes out of Alberta in aid of supporting a lot of these programs, [the Canadian Pension Plan] being one of the most prominent," she said.
"If CPP starts bailing out of energy resources, we don't want to be in a position where our money is being used to support solar and wind or other experiments that the CPP — driven politically by a Trudeau government — might want to invest in. So I think this is going to be the bigger conversation over the next year or two."
Perhaps the most important one, in Tombe's view, is the amount of assets the Canada Pension Plan provides to a potential Alberta pension plan. The 2020 Fair Deal panel suggested the province's proportion could range from 10 per cent of its total value to 17.5 per cent, but this would all likely have to be negotiated with Ottawa and the other provinces.
In a younger jurisdiction like Alberta with a lower average age, there is potential for a separate pension plan to maintain or slightly increase benefits for retirees while keeping contribution rates lower than the national average, Tombe said. But there are risks at play, too.
Source: News Formal (newsformal.com)
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