Canada Immigration News from the Provincial News Alberta released on 21/09/2023. Your pension, your choice
Good day ladies and gentlemen, this is IRC news and I am Joy Stephen, an authorized Canadian Immigration practitioner bringing out this special edition of Immigration news from Provincial News, Alberta. This news was released by the government on 21/09/2023. I am coming to you from the Polinsys studios in Cambridge, Ontario. Today is the 22/09/2023
The report, created by the independent consultant LifeWorks, suggests an Alberta Pension Plan (APP) could save Albertans billions each year, with lower contribution rates, higher benefits and stronger benefit security for families and retirees.
Alberta’s young population, high employment rates and higher pensionable earnings have meant the province has contributed billions more into the Canada Pension Plan (CPP) than what was required to fund benefits paid to Alberta seniors.
“This report shows a made-in-Alberta pension plan could put more money in the pockets of hard-working families and business owners and improve retirement security for seniors. We want to hear from you because it’s your pension, your choice. I’m so excited to hear what Albertans think about a provincial pension plan that could benefit Albertans now as well as our future generations.”
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