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This is your daily pension announcement: The Pension War Room™️again reminds you that the GOA does NOT assume all the risk of public sector pension plans. In teachers' case risk is split as contributions are: 49% GOA, 51% teachers. #ABLeg #handsoffmypension
To clear this up: Nov 4, 2019 Travis, talking about ATRF, made this statement in the Leg: "This change will improve the returns for pension holders in this province."
Well, that sure isn't true.
He made that statement without asking for a study of any sort. #ABLeg #hopesprings
Well, that sure isn't true.
He made that statement without asking for a study of any sort. #ABLeg #hopesprings
Top quartile investment managers are difficult to create and operate. Otherwise everyone would do it.
Please remember that Travis can still issue "directives" to AIMCO. Arms length? Not so much. #ABLeg #handsoffmypenion
Please remember that Travis can still issue "directives" to AIMCO. Arms length? Not so much. #ABLeg #handsoffmypenion
The Pension War Room™️ declares total victory over AIMCO! I was advised earlier that ATRF and AIMCO have just inked a 50-page investment management agreement. As this new IMA contains everything we were asking for, the lawsuit was discontinued this morning.
The statement from the ATRF is here:
atrf.com/teacher/news/i…
The statement from the ATA is here:
teachers.ab.ca/News%20Room/Ne…
#AbLeg #handsoffmypension
atrf.com/teacher/news/i…
The statement from the ATA is here:
teachers.ab.ca/News%20Room/Ne…
#AbLeg #handsoffmypension
This new IMA does the two things that Kevin (and Travis through Kevin) would never do.
1. The IMA recognizes the fiduciary duty of the
ATRF unconditionally.
2. And, it adds proper role clarity for both parties.
AIMCO does not get a veto.
1. The IMA recognizes the fiduciary duty of the
ATRF unconditionally.
2. And, it adds proper role clarity for both parties.
AIMCO does not get a veto.
This is your daily pension announcement: The Pension War Room™️is sifting for nuggets in the giant litter box that is the provincial budget! First, we have Dr. Bob, giving us a detailed breakdown of the budget. #AbLeg #handsoffmypension
abpolecon.ca/2021/02/26/bud…
abpolecon.ca/2021/02/26/bud…
As well I would remind you of the many shortcomings of the MacKinnon report. She refused to use Saskatchewan as a a comparator whose cost of government per capita is very comparable to AB. Even after her round of closing hospitals across SK. #AbLeg
Equally vexing is her inclusion of the the pre-1992 pension liability in teacher's compensation. This under-funding arose from the GOA did not make timely contributions THAT THEY WERE LEGALLY OBLIGATED TO MAKE FROM 1957 TO 1992. #AbLeg #handsoffmypension
