The UCP are pressing ahead on their agenda to create an Alberta Pension Plan, despite devastating new information revealing additional and significant underperformance at the Alberta Investment Management Corporation (AIMCo)
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The UCP government has already issued a request for proposals for a study examining how to create an Alberta pension plan. The RFP was issued on September 10th and asks for the analysis to be submitted by early 2021.
The report is required to include figures regarding the contribution rate, level of benefits to be expected, and the amount of assets and liabilities Albertans would be transferred.
The report is also expected to examine “how to ensure a smooth transition from CPP to an Alberta Pension Plan for pensioners and contributors, including businesses."
Albertans have been clear that they don’t want Jason Kenney anywhere near their retirement savings. The government's own Fair Deal Panel report showed a clear majority of Albertans did not support withdrawing from the CPP.
Since then tens of thousands more Albertans have signed the handsoffmycpp.ca petition.
In June, a government briefing note obtained by the NDP Official Opposition showed that pulling out of the Canadian Pension Plan would lead to a $133.1 billion unfunded liability that would have to be covered by Albertans.
The UCP didn’t get the answers they wanted from the Ministry of Treasury Board and Finance, so now they’re going to spend more of Albertans' money to buy a report that delivers the answers they want.
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