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Alberta says chief actuary's pension plan report offers no estimate of its share

Alberta says chief actuary's pension plan report offers no estimate of its share

CTV
Thursday, December 19, 2024 09:48:38 PM UTC

The Alberta government says it has heard back from Canada’s chief actuary on its bid to leave the Canada Pension Plan, but there's no estimate on how much the province should get.

The Alberta government says it has heard back from Canada’s chief actuary on its bid to leave the Canada Pension Plan, but there's no estimate on how much the province should get.

The province has been waiting for months for the review and a figure.

"We received their interpretation of the legislation, but it did not contain a number or even a formula for calculating a number," Justin Brattinga, press secretary to Finance Minister Nate Horner, said in an email Thursday.

"We are still analyzing the report and will have more to say at a later date. We would not consider moving forward with a referendum on the issue until after we have a firm number to provide Albertans."

It wasn't clear whether a firm estimate is expected or forthcoming from the federal government.

The federal finance ministry and the office of the chief actuary didn't immediately respond to questions.

The pension plan issue took off after Premier Danielle Smith’s United Conservative Party government won the 2023 provincial election.

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