The Globe and Mail reports in its Friday edition that the Canada Pension Plan's investment arm said Alberta's claim that it could withdraw more than half of the national pension fund's assets is "a formula that does not seem to connect with any reality" and "an invented formula" that is divorced from reality. A triple-bylined item led by James Bradshaw says that the Canada Pension Plan Investment Board (CPPIB) questioned the credibility of a report released Thursday that estimates Alberta would be entitled to withdraw $334-billion from the CPP -- about 53 per cent of its projected assets in 2027, which stand at $575-billion. CPPIB estimates that any transfer amount owed to Alberta if it withdrew from the CPP would be closer to the share of contributions the province has made since the plan's inception -- around 16 per cent of assets, or about $100-billion. The report released Thursday to bolster Alberta's claims was prepared in 2021 by consultancy LifeWorks, which is owned by Telus Health. It applied what it calls an "alternate and reasonable interpretation" that takes Alberta's contributions to CPP, adds its share of investment returns, then subtracts benefits paid to Albertans and its share of administrative costs.