Letter: Consider the source when thinking about a provincial pension plan
By Letter to the Editor on April 15, 2025.
Dear editor, The Alberta Prosperity Project, a group promoting Alberta sovereignty, held a meeting in Redcliff on April 9. They advocate for an Alberta Pension Plan. If what they state in meetings is what they have on their website, it might be worthwhile to consider the following: 1. The Prosperity Project bases its calculations on a Lifeworks report commissioned by the Alberta government which concluded that Alberta should receive 53% of CPP assets. All the financial advantages an APP would have are calculated using that percentage. 2. Canada’s chief actuary released a report last December on what Alberta might receive. It concluded that Alberta would be entitled to between 20% and 25% of assets. Using a percentage in this range would give Alberta more than $200B less than what the Prosperity Project assumes. 3. The federal minister of finance decides what portion of CPP assets would go to any province if they decide to leave the federal program. Every reader can decide for themselves which of the two options the finance minister will use if officially asked to decide. They might also want to consider the degree to which they should trust what the Alberta Prosperity Project is telling them. Ed Dick Medicine Hat 10-9
While lawyer friends and relatives warn us about what these fake conservatives , Reformers, are planning? It would be a disaster for us seniors. Even the ones dumb enough to support them.
There would be nothing stopping Smith from canceling the pension plans for any seniors who have gotten a lot more than we ever put into the plan like we know we have. So why would we elect Pierre Poilievre and let him help Smith steal our Canada Pension Plan like she wants to do and put us in financial ruin?