The Financial Post in its Wednesday edition says that Telus's LifeWorks report for the Alberta government on ditching the Canada Pension Plan argued the province should be able to walk away with an asset transfer of $334-billion, or 53 per cent of the plan's assets. The Post's Barbara Shecter writes that pension experts say the language in the legislation that established the CPP is flawed. Though it appears to suggest any province can leave the arrangement as if it had never joined, the wording around asset transfers to a departing province are confusing. Key changes to the way the CPP is funded and benefits paid out over the years further complicate the extrication of assets. Legislation in the 1990s, for example, transformed CPP from the original pay-as-you-go model, where worker contributions were used to pay out benefits, to what is known as a partially funded steady-state model, where contributions made during your working life pay for a portion of your future retirement benefits. Before the 1997 reform, all excess CPP funds were invested in provincial bonds according to a fixed mechanical formula drawn up in 1963. After that reform, a diverse set of assets are invested in with no specific tie to any province.