The NDP opposition are continuing to go after a provincial government plan to pull out of the Canada Pension Plan.
Finance Critic Shannon Phillips says the fact that the pension plan was not talked about during the provincial election is a sign of many Albertans not wanting it.
“She’s (Premier Danielle Smith) come out with a report that makes a number of quite fantastical claims. Numbers that are not rooted in reality at all and have been widely dismissed by the Canada Pension Plan board themselves and experts across Alberta and across the country, trying to tell Albertans that we’d be better off with an Alberta Pension Plan.”
A third-party report the province released says they should get $334 billion if they decided to exit the program and go it alone.
Phillips says those calculations are way off.
“It every province used the calculations that Alberta did, it would equal nine times what’s currently in the CPP. It doesn’t make any sense at all. We know that the Canada Pension Plan, every single person that pays into it, you pay the same amount whether you’re in Edmonton or in New Brunswick and you get the same benefit based on your income when you retire at 65.”
Phillips says the NDP has launched their own public consultation which directly asks people about Alberta leaving the CPP.
The full interview we did with Phillips can be found below.
– Kyle Moore, Trending 55 Newsroom
