New: Alberta Pension Protection Act

On November 2, 2023, the Alberta Government introduced Bill 2, entitled Alberta Pension Protection Act. If passed, Bill 2 will give Albertans four guarantees to protect the pensions they built up during their working careers under the CPP. The legislation would guarantee: 

  • Albertans must vote in favour of an Alberta Pension Plan (APP) during a public referendum before the government withdraws assets from the Canada Pension Plan to establish an APP 

  • Contribution rates under an APP would be the same or lower than the rates for the CPP 

  • An APP must provide the same or better benefits to Albertans 

  • The entire asset transferred from the CPP to Alberta would be used solely to set up and operate an APP 


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