'They have concerns': CPP public town hall a hot ticket in Calgary
The hottest ticket in town Tuesday night wasn’t the Flames or a Top 40 concert – instead, a public town hall hosted by the Canada Pension Plan (CPP) investment board took the top spot.
The BMO Centre hosted the event, which needed to be moved to a larger venue thanks to increased interest.
The board hosts public meetings across Canada every two years to update people on the fund’s performance, governance and investment approach.
The last time it was in the city, 10 Calgarians attended.
This year, up to 1,000 were expected.
The pension plan has been a hot topic in Alberta over the past year after the provincial government released a commissioned report exploring the possibility of an Alberta Pension Plan (APP).
According to the report, if Alberta gave the required three-year notice to quit the CPP, it would be entitled to $334 billion, or about 53 per cent of the fund by 2027.
Critics called that a large overestimation.
Calgarians seem intent on seeking out the truth.
“They want a better sense of what is the CPP, what are its advantages and how might that compare to whatever Alberta is thinking about,” Mount Royal University political scientist Lori Williams said. “They have concerns that only the (CPP board) can address.”
Premier Danielle Smith has said she will not call a referendum on the topic until the Office of the Chief Actuary releases an updated number.
More information on the public meetings can be found on the CPP Investments’ website.
The board will be in Edmonton on Wednesday.
CTVNews.ca Top Stories
Most of Canada to receive emergency alert test today
The federal government will test its capacity to issue emergency alerts today, with the exception of Ontario, where the test will take place on May 15.
'A huge difference': These adults born in the '90s partnered with their parents to buy homes in Ontario
An Ontario woman said it would have been impossible to buy a house without her mother – an anecdote that animates the fact that over 17 per cent of Canadian homeowners born in the ‘90s own their property with their parents, according to a new report.
OPINION No reunion between Prince Harry and the King signifies a setback for royal unity
Prince Harry, the Duke of Sussex, has made headlines with his recent arrival in the U.K., this time to celebrate all things Invictus. But upon the prince landing in the U.K., we have already had confirmation that King Charles III won't have time to see his youngest son during his brief visit.
Northern Ont. woman makes 'eggstraordinary' find
A chicken farmer near Mattawa made an 'eggstraordinary' find Friday morning when she discovered one of her hens laid an egg close to three times the size of an average large chicken egg.
How Drake and Kendrick Lamar's rap beef escalated within weeks
A long-simmering feud between hip-hop superstars Drake and Kendrick Lamar reached a boiling point in recent days as the pair traded increasingly personal insults on a succession of diss tracks. Here’s a quick overview of what’s behind the ongoing beef.
NEW For their protection, immigrants critical of China and India call for speedy passage of Canada's foreign interference legislation
Canadian immigrants threatened by hostile regimes are urging parliamentarians to quickly pass the 'Countering Foreign Interference Act' so they can feel safe living in their adopted home.
Ontario man devastated to learn $150,000 line of credit isn't insured after wife dies
An Ontario man found out that a line of credit he thought was insured actually isn't after his wife of 50 years died.
Spanish prosecutors recommend 2nd investigation into Shakira's taxes be thrown out
Spanish state prosecutors recommended Wednesday that an investigating judge shelve a probe into another alleged case of tax fraud by pop star Shakira.
Stormy Daniels describes meeting Trump during occasionally graphic testimony in hush money trial
With Donald Trump sitting just feet away, Stormy Daniels testified Tuesday at the former president's hush money trial about a sexual encounter the porn actor says they had in 2006 that resulted in her being paid to keep silent during the presidential race 10 years later.