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This is your daily pension announcement: The Pension War Room™️ brings you the risk shared edition! This is probably the most dangerous lie about public sector pensions in AB.... that the GOA is on the hook for any and all liability. #AbLeg
ATRF (and now LAPP, SFPP and PSPP) are all "risk shared" plans. In the case of ATRF if any liabilities exist they are paid off 50/50 by plan members and GOA over a max 15 year time.
This is a good idea for taxpayers, that plan members bear at least half the funding risk. #AbLeg
This is a good idea for taxpayers, that plan members bear at least half the funding risk. #AbLeg
That is why I am so shocked when MLAs are claiming that the GOA is picking up the risk. If they keep saying that....then it must be true. Truthiness on display.
FYI, currently, the teachers' plan has a deficiency of about 3% of pay. It is being paid off 50/50 right now. #AbLeg
FYI, currently, the teachers' plan has a deficiency of about 3% of pay. It is being paid off 50/50 right now. #AbLeg
This is your daily pensions announcement: The Dr. Bob edition. Yesterday I introduced you to Dr. Bob Ascah and his blog, AB Pol Econ. What did he have to say about Bill 22? Let's take a look.... #handsoffmypension #ABLeg #abed
abpolecon.ca/2019/11/28/bil…
abpolecon.ca/2019/11/28/bil…
He deals with all parts of Bill 22, so feel free to skip ahead to the pension parts, that is after you read the stinging intro.... #thisisgoingtohurt #zinger
I quote:
"Before commenting on the details in Bill 22, it is important to note that in the UCP’s election platform, there was no mention of pensions, ATB, ACFA or AIMCo."
#musthavebeenanoversite
"Before commenting on the details in Bill 22, it is important to note that in the UCP’s election platform, there was no mention of pensions, ATB, ACFA or AIMCo."
#musthavebeenanoversite
