Alberta

Alberta Federation of Labour President Gil McGowan explains why Kenney is going after your retirement savings

News Release

AFL President Gil McGowan explains why Kenney is going after your retirement savings

The UCP has essentially seized control of all public-sector pensions in the province. And they’re coming for the money that Albertans save through the Canada Pension Plan (CPP) next. Watch the video to learn what’s going on and what Alberta unions plan to do about it.

“With Bill 22 and the new Ministerial Orders imposed over the holidays, the Kenney government has essentially seized control of vast sums of money that is not theirs. The Finance Minister and the Premier might call this administrative reform. We call it theft,” said AFL president Gil McGowan at a news conference yesterday.

Why are they doing this? Unions think they have the answer.

“We think Jason Kenney’s end game is to use the retirement savings of hundreds of thousands of Albertan to prop up oil and gas ventures in the province that are having an increasingly difficult time raising money from global investors and international markets,” said McGowan.

“We’re not opposed to all oil and gas investments. What we ARE opposed to is a system in which the government gives itself the power to invest other people’s money in risky ventures without their permission.”

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