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QUESTION PERIOD — Finance

Canada Pension Plan

November 20, 2024


Hon. Paula Simons [ + ]

My question is for the Government Representative.

On November 7, the Alberta government fired all 10 members of the board of directors of AIMCo, the investment fund that manages Alberta’s public service pensions as well as Alberta’s famous Heritage Savings Trust Fund. It was done, in part, over concerns that the fund managers were too keen to consider environmental, social and governance metrics in making their investment decisions.

Today, the province named former Conservative Prime Minister Stephen Harper as chair of the AIMCo board.

In light of these developments and in light of the Alberta government’s continuing commitment to withdraw from the Canada Pension Plan, or CPP, and create an Alberta-run pension plan, could you tell us when the government expects to receive the report of the Chief Actuary on the consequences of that pension pullout, which was promised sometime this fall?

Hon. Marc Gold (Government Representative in the Senate)

Thank you for your question.

I do not know when that report will be available or submitted, but I’ll certainly make inquiries of the minister.

Senator Simons [ + ]

I have another question. Shall I ask it now?

The Hon. the Speaker [ + ]

I’m sorry, no.

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