Those officials suggested they needed to meet again in January to discuss progress, “and we all agreed that was a good idea,” she said.
The ministers held a special meeting last month to discuss Alberta Premier Danielle Smith’s push to quit the Canada Pension Plan for an Alberta-only version.
Smith began her push to exit CPP in September, when she released a Lifeworks report estimating Alberta is entitled to $334 billion, or 53 per cent, of the Canada Pension Plan if it starts its own pension program.
Other economists, including those with the Canada Pension Plan Investment Board, believe Alberta’s share is closer to its percentage of the CPP membership, at about 15 per cent.
“I learned during the North American Free Trade Agreement negotiations never to answer hypothetical questions. It’s not a good idea for an elected political leader,” she said.
“What I think was very clear in the conversation today, when we heard back from officials was how technical this work is ... we agreed that we’re going to do the work and define the tasking very carefully, very deliberately and crucially, really transparently.”
“The decision to move forward with an Alberta pension plan is up to Albertans,” he wrote in a statement.
“There’s no debate about that,” she said.
“The federal government’s contention, though, is first and foremost that we have a great system. We have a system that works, which actually is the envy of the world.”
After the day’s meeting wrapped up, Ontario Finance Minister Peter Bethlenfalvy said conversations around the pension issue had been “very collaborative.”
“Alberta being in the pension plan... is good for Alberta, it’s good for Canada, it’s good for Ontario,” he said.
“So we’re going to continue pushing that we have a process that’s clear, that’s timely, that’s deliberate and thoughtful.”
But before the meeting began, Saskatchewan Finance Minister Donna Harpauer downplayed the need to take care of the pension issue immediately.
“That’s a very long process and it’s not what is pressing and urgent today,” she told reporters as she headed into the meeting.
Also on hand for the meeting was Bank of Canada governor Tiff Macklem, who provided the ministers with an update on the country’s economic outlook.