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Thursday, July 23, 2009

Mark Dyrholm unveils Alberta Pension Plan policy

With federal and Alberta government representatives meeting in Calgary yesterday to discuss the Canada Pension Plan (CPP), Wildrose Alliance leadership candidate Mark Dyrholm took the opportunity to release details of his policy for an Alberta Pension Plan (AAP). 

"Albertans would benefit much more from an Alberta Pension Plan than they presently do with CPP. Thirty-four percent of what Albertans pay into the CPP is not staying in this province. Some of it goes to CPP claimants in other provinces, and some to an Ottawa investment fund into which Albertans contribute disproportionately as compared to the other provinces,” said Dyrholm.

Dyrholm points to the 2003 round of CPP premium increases, where the CPP takes over $4 billion annually from working Albertans. Little more than half of that comes back to the province in the form of pension and other benefits. The remainder stays under federal control, partly to pay benefits in other provinces, and partly to be invested by a federally-appointed board.

"All staying in the CPP does is mortgage the future of Albertans with a permanent unfunded liability. The CPP also penalizes Albertans as they pay more into the program than they will ever see in return. Albertans are proportionally the highest net contributors to the CPP. In fact, studies show that we pay 34 – 57 per cent more into the plan than we receive. It is time to put Albertans first," continued Dyrholm.

According to Dyrholm, Section 94(a) of the Canadian constitution gives Alberta the right to opt out of the CPP, something Quebec did at the outset of the program in 1965, and something any other province can do upon three years’ notice to Ottawa.

Posted by Matthew Johnston

Posted by westernstandard on July 23, 2009 | Permalink

Comments

Nice to see Mark campaigning and releasing such quality material. I hope this is what we can expect the rest of the campaign.

Very good, very good indeed.

Posted by: Kelvin | 2009-07-23 12:53:48 PM


There are lots of questions that would need to be answered on this before I could support it. What would the cost to manage it be, if I reside in three provinces over my lifetime where do I collect my benefits, does age in the province play a role in the difference? The list could go on. WCB collection is seperate from government as it is an independant body, also I would not like being comapred to Quebec.
I will not say this is a bad idea, just wondering if he looked into the aspects of why the difference is there. We have to be careful in Alberta as Ed is placing us in the have not catagory quick. We may need the federal assistance soon.

Posted by: Alberta Altruist | 2009-07-23 7:53:49 PM


Alberta would be well advised to stop as much of the cash hemorrhaging out of it to Ottawa as they possibly can. With Ontario's economy on the ropes, they may soon find themselves put upon even more heavily.

Posted by: Shane Matthews | 2009-07-23 8:01:07 PM


Agreed, but still having a Stelmach led government until at least 2012, I don't see any money being here to worry about. Also still not sure if the numbers are crunched proper to take age into account, if we are a youngger province now, what will the age gap be in 10 years? Could we sustain our own at this time. Just questions that go through my head. Less Ottawa the better, but we do already have alot invested.

Posted by: Alberta Altruist | 2009-07-23 8:14:25 PM



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