Albertans contributed about 16 per cent of total CPP contributions but received only 12 per cent of total CPP benefits.
Workers born in 1993 or later can expect a real rate of return of just 2.5 per cent from the CPP.
Albertans have higher average incomes, which means there’s a higher level of premiums paid into the fund.
Specific legislation governs the withdrawal of any province from the CPP.
Each Albertan would save up to $2,850 in 2027, the first year of the hypothetical Alberta plan.
The CPP investment board has more than 1,800 employees, mostly in Toronto.
Alberta workers accounted for 16.5 per cent of total CPP contributions while Alberta retirees consumed 10.8 per cent of CPP expenditures.
Alberta Premier Jim Prentice has warned Albertans that the current fiscal year’s projected surplus has turned into at least a $500 million deficit and that next year’s budget will sink deeper into red-ink territory.