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5d ago

Alberta Halts Plans for Provincial Pension Referendum

Premier Danielle Smith cites lack of public support and unresolved questions about Alberta’s share of Canada Pension Plan assets.

Brexit supporters wave Union flags as they gathered in Parliament Square, the venue for the Leave Means Leave Brexit Celebration in central London on Jan. 31, 2020, the day that the UK formally left the European Union.
The Alberta legislature building in Edmonton.
The Canadian flag flutters in the wind above the Alberta Legislature building on Tuesday, Nov. 5, 2024 in Edmonton.
Premier Scott Moe gives remarks on the results of the 2025 federal election during a press conference at the Saskatchewan legislature on Tuesday, April 29, 2025 in Regina.

Overview

  • Premier Danielle Smith announced she will not pursue a referendum on creating an Alberta pension plan at this time.
  • Smith stated that Albertans lack enthusiasm for leaving the Canada Pension Plan and establishing a provincial alternative.
  • Uncertainty over Alberta's entitlement to CPP assets remains a significant obstacle, with conflicting actuarial assessments still unresolved.
  • A 2023 Alberta-commissioned report estimated the province could claim over 50% of CPP assets, but a federal report later revised this to a maximum of 25%.
  • Smith plans to continue consultations with Canada’s chief actuary to clarify Alberta’s financial stake before considering further action.