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Alberta-commissioned report on CPP withdrawal used flawed methodologies

Published: 29 January 2025

When Alberta commissioned a report on withdrawing from the Canada Pension Plan, the resulting document claimed the province was entitled to $334 billion more than half of the planā€™s total assets. However, the method used to calculate that share is deeply flawed. If applied to other provinces, the combined total of their share would exceed the planā€™s actual assets.
ā€œIf you work on the basis that every province was going to leave the plan and you needed to distribute a share of the pie to each of them, the sum of the parts should be equal to the pie itself ā€” not more, not less,ā€ says Associate Professor Sebastien Betermier in an interview with Benefits Canada. ā€œThat isnā€™t the case in the report Alberta commissioned. If you were to use the same method, you would get numbers that exceed 100 per cent when you add up all provincesā€™ shares.ā€

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