The Government of Alberta has introduced the Alberta Pension Protection Act. If passed, it would guarantee the government won’t launch an Alberta Pension Plan unless Albertans vote in favour of it in a referendum.
“Starting an Alberta Pension Plan would be a major move for the province and everyone who lives and works here. Albertans deserve the chance to consider every option on the table. They also deserve to know that their provincial government will do everything it can to protect their rights, their futures, and the ability to benefit from Alberta's economic prosperity and the richness we bring to the Confederation,” said Nate Horner, President of the Treasury Board and Minister of Finance.
The legislation guarantees:
Albertans must vote in favour of an Alberta Pension Plan during a public referendum before the government withdraws assets from the CPP.
Contribution rates under an Alberta Pension Plan would be the same or lower than the rates for the CPP.
An APP must provide the same or better benefits to Albertans.
The entire asset transferred from the CPP would be used solely to set up and operate an Alberta Pension Plan.
The Alberta Pension Plan Engagement Panel is currently hosting telephone town halls to hear Albertans feedback. Central Alberta’s town hall will be held on November 22, 2023 from 6:30PM to 8:00PM. For more information, click here. The Panel also has a public survey open for Albertans that is available here. The survey is open until December 10, 2023.