Voting for an Alberta Pension Plan would mean that seniors would lose their pensions, or receive lower pension benefits than they do now under the Canada Pension Plan.
APP Fact 1
Despite claims by unions and NDP politicians that the Government of Alberta is trying to “steal” Albertans' pensions, this is not the case.
Pensioners would continue to receive their pension just as they do now, and pension benefits must be at least equal to what they are now, at a minimum.
That’s because the Canada Pension Plan Act legally requires that any province that creates its own pension plan must offer at least the same benefits as offered by the CPP, and it’s simply not possible to leave the CPP without this guarantee.
In reality, moving from a Canada Pension Plan to an Alberta Pension Plan will most likely just mean changing Albertans’ pension funds from being managed by an arms-length, independent, non-political organization based in Ottawa to an arms-length, independent, non-political organization based in Alberta.
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