Premier Jason Kenney’s letter to Prime Minister Justin Trudeau might say: “Send Alberta a cheque for $40 billion. We are leaving the Canada Pension Plan.”
“I can certainly tell you that will be one of the issues studied by the panel that I will be appointing to consult with Albertans on fighting for a fair deal in Canada,” Kenney says in the video. He didn’t note — at least, not this time — that if Alberta quits the national plan, payments from other Canadians would apparently have to rise about 10 per cent to protect benefits.In Kenney’s scenario, the pension fund would be administered by the Alberta Investment Management Corporation, AIMCo. He said it’s a successful world-class institutional investor with more than $100 billion under administration .
Quebec’s mammoth Caisse de Depot has handled public sector plans — and the Quebec Pension Plan itself — going back to 1965. With $115 billion in the kitty even before the new plans are moved in, plus a $40-billion payout from Ottawa, AIMCo would be a giant with well over $150 billion under management.
Or pipelines can be approved & built and we can move forward TOGETHER as a Confederation. Anyone care to guess what happens to CPP payments across Canada when a province with 10.8% of expenditures but 16.5% of contributions leaves? (2017 data) buildthepipelines
Ok, then that means Albertans will also not collect CPP?
The west should join the states. They wouldn’t give 2 seconds to these groups that tie everything up.