As is already the case in Quebec and the QPP, Alberta’s government would develop agreements which would ensure that you would eventually receive one pension when you retire and apply for benefits – a pension that recognizes the contributions you have made during your life, no matter what pension plan you paid into.
These agreements would ensure that you contribute to the correct pension plan, depending on your work and living experience. Other agreements would coordinate the payment oft he benefits between the CPP, QPP (Quebec Pension Plan), and an APP for people who move to Alberta, or for Albertans who leave Alberta to live, work, or retire.
And finally, international social security agreements would be developed for Albertans who are working and living abroad.
These agreements - often called reciprocal transfer agreements - are relatively common, particularly amongst public sector pension plans (including those in Alberta). Details of a transfer agreement between an APP and CPP would need to be negotiated.