An internal government document obtained by the Opposition NDP says Alberta would assume an unfunded liability of $133 billion if it left the Canada Pension Plan to create a plan of its own. In its final report, released last week, the panel endorsed the creation of an Alberta Pension Plan. "That unfunded liability exists today for the Alberta portion of the Canada Pension Plan," he said in response to questions from Notley. "If Alberta were to patriate its portion of the pension plan, because we have the youngest population the unfunded liability would actually shrink from the portion that we currently owe to the Toronto-operated Canada Pension Plan." Two-thirds consent requiredThe briefing note, dated Sept. 18, 2019, seeks to "provide information and analysis on the potential establishment of an Alberta Pension Plan."

Source: CBC News June 22, 2020 22:07 UTC