Canada Pension Plan board says Alberta pension exit consults are biased, manipulative

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EDMONTON — The board of the Canada Pension Plan says Alberta’s consultation with its citizens on quitting the CPP is not a straightforward fact-finding exercise but rather a biased manipulation of public opinion.

Alberta Finance Minister Nate Horner, in response, says he welcomes all feedback but says the CPP is not an innocent bystander given the disproportionately large share of assets it accrues from his province.

Leduc focuses on the government’s online survey that was launched Sept. 21, the same day Premier Danielle Smith announced the debate on creating a stand-alone Alberta pension plan. The report by Innovative Research Group said the survey gives respondents an uncontextualized rosy picture of benefits for Albertans based on one report while failing to report the risks or potential downside of Alberta going it alone.

The Innovative Research Group said recent comments by Horner have contributed to the question of whether the process is fair. It noted Horner said last week the government would not accept an Alberta pension plan using the Quebec investment model despite Smith saying it would be considered.The Innovative report said Horner’s comment suggests the fix is in on how the pension plan will be structured and “implies the Alberta government is not taking the consultation process seriously.

 

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