CBC: Alberta to explore leaving CPP as report lays claim to more than half of fund

The Alberta government released a long-awaited report Thursday on the possibility of establishing an Alberta-only pension plan on Thursday, claiming the province is entitled to a staggering $334-billion asset transfer from the Canada Pension Plan in 2027.

That’s more than half of the fund’s estimated total net assets. The report attributes the figure to Alberta’s high employment rates, young population, and higher pensionable earnings, which it claims has meant the province has sent billions more into the CPP compared to what it has received.

They don’t have a real claim to half the assets, so that’s just political rhetoric and click bait. Their timing couldn’t be worse either. As the demand for oil must necessarily drop, Alberta revenues and employment will also drop.

It’s annoying that the CBC author, knowing that it’s a specious claim, still leads with it and they put it in the headline for their own benefit (getting clicks) rather than doing the right thing.