Alberta Premier Danielle Smith has unveiled her province’s plan to dump the Canada Pension Plan (CPP) and implement its own version, with the public being assured they’ll have a say in how to proceed.
Finance Minister Chrystia Freeland and Prime Minister Justin Trudeau have both expressed their concerns about Alberta’s proposed move.
Heather Yourex-West speaks with some retirees who aren’t sold on withdrawing from the CPP.
For more info, please go to
Subscribe to Global News Channel HERE:
Like Global News on Facebook HERE:
Follow Global News on Twitter HERE:
Follow Global News on Instagram HERE:
#GlobalNews #abpoli #cpp…(read more)
LEARN MORE ABOUT: Retirement Pension Plans
REVEALED: Best Investment During Inflation
HOW TO INVEST IN GOLD: Gold IRA Investing
HOW TO INVEST IN SILVER: Silver IRA Investing
Alberta retirees are expressing concerns about the province’s proposed new pension plan, which some fear could have detrimental effects on their financial stability in retirement. The fear stems from a recently announced exit strategy from the Canada Pension Plan (CPP), which the province is currently previewing.
The proposed changes to the pension plan have been met with resistance from retirees and advocacy groups, with many calling the new plan “ridiculous” and warning of the potential consequences for retirees across the province.
The Alberta government’s plan to exit the CPP has raised serious concerns among retirees, many of whom have relied on the CPP as a safeguard for their financial security in retirement. The fear is that the new pension plan will not provide the same level of protection and support that the CPP has offered, leaving retirees at risk of financial hardship.
Retirees worry that the new plan may not offer the same level of benefits and may not be able to keep up with the rising cost of living. Additionally, there are concerns about the potential impact on the portability of benefits for retirees who move out of the province.
Advocacy groups are also raising concerns about the lack of transparency and consultation surrounding the proposed changes. Many retirees feel that they have not been adequately informed or consulted about the potential impacts of the new plan, and worry that their voices are not being heard in the decision-making process.
The Alberta government, however, has defended its proposed changes, arguing that the new pension plan will better serve the needs of Albertans and provide greater flexibility and control over retirement savings.
Despite the government’s reassurances, many retirees remain unconvinced, and the fear and uncertainty surrounding the proposed changes continue to grow.
As the province continues to preview its CPP exit strategy, it is crucial that the concerns of retirees are taken into consideration and that their voices are heard in the decision-making process. It is essential that the government engages in meaningful consultation with retirees and advocacy groups to address their fears and provide a clear understanding of the potential impacts of the new pension plan.
Ultimately, the well-being of Alberta retirees must be a top priority in any decision-making process related to the province’s pension plan. It is essential that the government takes the concerns of retirees seriously and works to address them in a transparent and inclusive manner. Only then can a pension plan be implemented that truly serves the needs of retirees and ensures their financial security in retirement.
That’s because they still believe main stream media and haven’t figured out yet all the pension money is being used to support the invasion of our country.
It doesnt work.
Its ridiculous if are scared by the use of the term Ridiculous. The feds are just trying to scare you off because Alberta is the Bank of Canada
You old people are being scared and dont understand how much assests have lost on paper as of today. MOST of you retired will be dead before it happens so whats the worry. Its everyone outside of Alberta going forward that definitely wont have a pension
It seems to me that no price is being put on belonging to Canada. If Alberta had not been able to pay in as much as is needed when their seniors retire then it would be subsidized by other provinces input. That reassurance must be worth something.
Wef is involved in CPP. Look it up
Yah ridiculous! They will get way more!! NDP propaganda
Keep up that biased repporting Global. The federal Liberals will reward you
The reaction of Canada's Toronto-centered media on this issue has been entirely predictable, interviewing only Alberta seniors opposed to the idea. When Toronto's CTV news, Toronto's CBC news, Toronto's Global News, Justin Trudeau, Ontario's finance minister, and Ontario's premier all are hostile to the idea and/or fearful of an Alberta withdrawal reveals the truth that Alberta is a big loser being in the CPP. Whether the Alberta government and pro-Albertans can overcome the propaganda of the Left and of other provinces, especially that of Ontario remains to be seen.
WEF Trudeau and Freeland have stolen CPP money.
When your in a sinking ship its sad people are to stuck in the rut to get in the life boat .
The real problem lays with Justin Trudeau. If he was leading with an ounce of integrity this would not be a problem. Shame on him for causing disunity.
Keep the pensions.
Complex decisions Good report
If they , seniors will read what taxpayer federation said of the condition of the CPP. You might change your mind
The Liberals are panicking they have mismanaged the money and there is none in the fund.
All gone to Ukraine and expensive hotel rooms.
CPP continues to increase each year, right now im paying over 2,000. Im in favour of a APP
The fear is based on nothing but fact !!!!!
Look what the PC government did to the
Heritage Trust Fund.
That was for all Albertans to protect us from things like a pandemic let’s say.
That fund was syphoned into the pockets of the Gman and his buddies
That’s what Albertans want for their pensions ?
Keep your greedy hands off my pension !!!!!!!
I think the issue here, is that the CPP is spent on other things besides being invested or to payout pensions to seniors.
I think its a good idea. Because if its half of canada pention fund with a lower population compared to even ontario which is hirer population tgat means albertians should get more as they contributed half of Canada cpp. Freeland is freaking out because the liberals were stupid and put Canada pention into china banks which we all know. I say do it Albertians contributing half of a whole country is insane.
Funny I am a senior no one ask me In the meantime People in Nursing Homes and assisted living are telling Seniors they will lose their pension under a Alberta plan So I wander who pushing that narrative
Quebec also has its own pension plan.
Alberta "looks" rich because of their oil and gas but, in future most of the vehicles will be electric and the demand for oil will drop. By leaving CPP, Alberta will have a short term gain but a long term pain.
Wait for the numbers to decide
I have a friend whose mom worked hard her entire adult life as a teacher, and her pension is worth less than $2k/month. I have another friend whose mom worked retail her entire life but she put her money away into her own shares/bonds/GICs and she's getting over $3k/month.
Hahahahahah liberals…
If this becomes a reality, it wouldn't surprise me if Trudeau and Freeland declare open war on Alberta with military force . . . Not that there's much left of it anymore.