Canada

This is the best summary I could come up with:

Buchanan expects that if the government of Alberta tries to proceed with leaving the CPP under current demands that could amount to withdrawing more than half the value of the plan, it will end up in the courts and litigated.

However, their calculations have been disputed by independent experts such as University of Calgary economist Trevor Tombe, who said, if both Ontario and Alberta used the LifeWorks formula to leave the CPP, they'd withdraw more money than currently exists in the plan — a "potentially absurd outcome."

And if Alberta were to take the 53 per cent proposed in its report, that could destabilize the fund entirely and would "dramatically" increase incentives for British Columbia and Ontario to also leave the CPP — and to do it quickly.

"It's very unclear how portability might be affected if if Alberta pulled out of the CPP," said Bill VanGorder, chief advocacy officer for the Canadian Association of Retired Persons.

"It's supposed to represent about 25 per cent of your earnings [from] while you're working," said Bonnie-Jeanne MacDonald, director of financial security research at Toronto Metropolitan University's National Institute on Ageing.

MacDonald admits that because a large majority of Canadians do not have access to an employer pension plan or to sufficient private savings, a stable CPP is of critical importance to all members.

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