Travis Toews’s office says a government-initiated referendum on the pension question wouldn’t be called until 2024, ‘at the earliest’
The question of Alberta breaking away from the CPP to establish a stand-alone provincial pension isn’t likely to figure prominently in the upcoming election campaign. But it should still be on voters’ minds, as the United Conservative Party says a province-wide referendum on the issue could come as soon as next year – if they win government again.
But however hot and cold the UCP seems to the idea of a separate provincial plan, it’s an idea clearly still in play. The idea of a separate Alberta pension appeared to be Mr. Kenney’s favourite proposal out of his Fair Deal Panel for asserting Alberta’s autonomy – he often singled it out. And his point man on the file was David Knight Legg, the Lethbridge-raised investment banker turned principal adviser to Mr. Kenney. Mr. Knight Legg is now an advisor to technology and investment firms based in Singapore, but still an ardent booster of an Alberta pension plan.
But the list of potential pitfalls is long and daunting. Alberta’s economy is making steps toward being more diversified but how long can Alberta be assured its fossil fuel wealth will keep it at the top end of the country’s financial pecking order?
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