It would depend on the comparability with the Canada pension plan.
If an Alberta pension plan were to happen, if it were to be significantly more generous than the Canada pension plan and cost more, it could have adverse impacts on the labour market and on the competitiveness of businesses. On the other hand, if it were to be less generous and less expensive in terms of contributions from employees and employers, then it could have positive impacts on the labour market and the competitiveness of businesses, but at maturity, it would also provide lower replacement rates for workers who contributed to an Alberta pension plan. It depends on the design of the Alberta pension plan, were it to be created.