Your Pension is Yours

Your Pension is yours.  

Or at least it used to, until actions taken by the UCP government.

Shortly after the 2019 election, the UCP under Premier Kenney introduced Bill 22 with no consultation. The legislation dramatically restructured how public pensions were governed, affecting the retirement security of hundreds of thousands of Albertans. With one piece of legislation, joint governance was dismantled, and all public sector plans were prevented from leaving AIMCo, irrespective of the investment managers’ performance. These actions made Alberta an outlier relative to other provinces.

Premier, Danielle Smith issued a mandate letter to her Finance Minister. Her direction was crystal clear: step up your efforts to leave the CPP.

Albertans have paid into CPP all their working lives. The value of any one individuals’ pension is a function of how long they worked, and how much they earned. The CPP doesn’t belong to any government, it belongs to the individuals who worked for it.

The message from working people is clear: they are concerned about their retirement security, and they want more done. They want better pensions.

The problem we are trying to solve is therefore simple: what can the Government of Alberta do to support good pensions and protect retirement security? What can we do to help the private sector create good workplace pensions for Albertans? What can we do to help attract and retain talent for Alberta employers?

 

"An Alberta NDP government will protect your Canadian Pension and protect retirement security" Rachel Notley

Find Out More

Leave a Comment

Sharon Yanicki

Posted

Thanks for your efforts in fighting this UCP policy. The provincial government needs to leave our Canada Pension Plans alone. I also have earned a pension with funds invested in AimCo. We need to restore pension plan governance to the groups involved and allow fair competition based on performance.

Bruce A. Rogers

Posted

It's reassuring to read such a clear and simple statement regarding the NDP promise to safeguard our pensions. The astounding separatist arrogance of the Kenny and now the Smith government on this issue must be exposed and countered at every opportunity. Thanks

Robert Seymour

Posted

This is one of my largest concerns. I am a Canadian and an Albertan and this "you are with us or against us" ideology from the UCP is the wrong approach. Leave my CPP alone! If they start messing with it I personally will leave Alberta.

M J Collison

Posted

So many of us seniors have worked in more than one province. Our pensions need to be securely housed with the federal government, not taken over by any single province. I don't want to be forced to move somewhere else to keep my pension – MY pension – safe from the short-sighted, self-centred UCP.

Sharon Tyrer

Posted

I would like toknow what the NDP government would do for the people on pensions right now. The UPC government took raises while they took away our cost of living raise. They have also started charging for pain management affecting those of us in pain. My husband is post-polio and needs a lot of prescriptions, is there any thought of making Alberta the best place to live by doing a pharmacare program for seniors and disabled. We as Albertans that have worked hard deserve much more out of our government than what the UCP is delivering. I will be waiting for some sort of proposal for these and start making statements in papers to these proposals...some seniors do not know how to work computers, but most that I know still get the paper.

Sharon Tyrer

Posted

I would like toknow what the NDP government would do for the people on pensions right now. The UPC government took raises while they took away our cost of living raise. They have also started charging for pain management affecting those of us in pain. My husband is post-polio and needs a lot of prescriptions, is there any thought of making Alberta the best place to live by doing a pharmacare program for seniors and disabled. We as Albertans that have worked hard deserve much more out of our government than what the UCP is delivering. I will be waiting for some sort of proposal for these and start making statements in papers to these proposals...some seniors do not know how to work computers, but most that I know still get the paper.

James Heal

Posted

I am going to soon receive my CPP payments. Taking early ( at 60) because of my personal situation. I want it to be protected. It concerns me that the UCP could effect it in the future.