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Kenney, NDP trade barbs on pitch for Alberta to quit CPP, build own pension plan
EDMONTON — Alberta’s Opposition says having the province quit the Canada Pension Plan is a massive money-losing proposition and that Premier Jason Kenney is pursuing it out of spite against his nemesis, Prime Minister Justin Trudeau.
Kenney, however, says the proposal put forward by his Fair Deal panel could save billions of dollars and, in question period Thursday, he accused the NDP of being afraid to be bold.
“We’re going to do an exhaustive study on the costs, benefits and structure of a potential Alberta Pension Plan because we believe Albertans are every bit as capable as Quebecers or the federal government in managing a public pension plan,” Kenney told the house.
NDP labour critic Christina Gray accused Kenney of hiding the price of creating such a pension fund. It could cost billions to administer, insure and underwrite, she said, while shutting Albertans out of the benefits of being part of the national plan.