Finance Minister Chrystia Freeland has written to Alberta Premier Danielle Smith explaining why she thinks the idea of pulling the province out of the Canada Pension Plan is based on bad math.
In a letter sent to Smith on Wednesday, Freeland said that while the province has the right to pull out of the CPP and create its own pension plan, Albertans should first consider the negative consequences of such a move.
Freeland pointed out that the CPP has a long track record of providing a “strong and consistent level of return” on pension investments.
