Withdrawing from Canada Pension Plan would come with $133B unfunded liability, Alberta NDP says - 2020-06-22
Withdrawing from Canada Pension Plan would come with $133B unfunded liability, Alberta NDP says June 22, 2020,
An internal government document obtained by the Opposition NDP says Alberta would assume an unfunded liability of $133 billion if it left the Canada Pension Plan to create a plan of its own.
NDP Leader Rachel Notley said Monday the briefing note for Finance Minster Travis Toews was prepared in September, two months before Premier Jason Kenney announced the creation of the Fair Deal Panel. The panel was tasked with looking at ways for Alberta to have a stronger role in Confederation.
In its final report, released last week, the panel endorsed the creation of an Alberta Pension Plan. Kenney said the matter would be sent to officials in Treasury Board and Finance for additional study and would ultimately be decided through a province-wide referendum.
