Parliamentary Budget Officer Vows to Check Alberta’s $334B Claim on CPP Fund

Alberta’s request to pull out of the Canada Pension Plan (CPP), and take $334 billion with it, has spurred the Parliamentary Budget Office to check the province’s claim on its portion of the money. Premier Danielle Smith has said Alberta is entitled to 58 percent of CPP funds, currently coming in at roughly $570 billion. Budget Officer Yves Giroux called the claim a matter of “particular significance” in a letter to cabinet that said he planned to scrutinize Alberta’s math. Mr. Giroux said he would calculate both contributions and withdrawals by CPP beneficiaries’ province of residence since 1966. “I am requesting a custom tabulation that includes historical contributions to the Canada Pension Plan by province and territory, age, sex and year, and historical Canada Pension Plan benefits attributable to contributions in each province and territory by year,” Mr. Giroux said, as quoted by Blacklock’s Reporter. ...