Alberta Premier Danielle Smith might get an even warmer-than-expected reception at this weekend’s annual meeting of her United Conservative Party after the province got its first sliver of good news about its proposal to leave the Canada Pension Plan and start its own retirement plan.
That has been a major sticking point since Alberta released a third-party analysis this fall that said the province would be entitled to more than half of the CPP’s $575-billion in assets.the federal government to release its analysis of the figures and to provide what it thinks the province would receive if it went ahead with a stand-alone Alberta Pension Plan.
“This would be a complex and multiyear process,” Freeland said. “It would be taking place at a time of real uncertainty. Geopolitical uncertainty, global economic uncertainty.” The Alberta government has said it would not leave the CPP without first having a provincial referendum on the proposal. But faced with doubts about what the province could actually expect to collect from the national coffer, Smith has now said the referendum would not proceed unless Ottawa or the courts gave an estimate of that figure.
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