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Alberta will not adopt Quebec’s pension model
BY The Canadian Press, Oct 13, 2023 8:05 PM - REPORT AN ERROR
Finance Minister Nate Horner's comments come three weeks after Premier Danielle Smith said her government wants to hear from Albertans first before it makes decisions such as whether to follow the Quebec model. (Photo: The Canadian Press)
Finance Minister Nate Horner says if Alberta abandons the Canada Pension Plan to run its own stand-alone fund, it will not adopt Quebec's model, which mandates optimizing returns while also investing in the province.
Horner's comments come three weeks after Premier Danielle Smith said her government wants to hear from Albertans first before it makes decisions such as whether to follow the Quebec model.
Horner says legislation will be introduced this fall to effectively cancel out using the Quebec model and spell out that any pension assets would only be used for a pension plan.
He says when it comes to mitigating risk for pension plans, the goal will be to go big and go broad.
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