Alberta's Desire to Leave Canadian Pension Plan

The government of Alberta is considering leaving the Canadian pension plan and establishing its own provincial pension fund. A report suggested that Alberta could be entitled to a $334 billion asset transfer if it left in 2027. The province argues that its high employment rate, younger population, and higher pensionable earnings have resulted in a larger contribution to the CPP, without proportionate benefits. A provincial pension plan is seen as the latest move to increase autonomy from the rest of Canada, but it also raises concerns about the retirement safety net for non-Albertons. A referendum on leaving the CPP will be held.