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Most recents (5)

This is your daily pension announcement: The goose and gander edition.

Well, we are all bunkered in here in the pension war room.

Just so you know, loyal followers, Kevin and Travis are thinking of you every day. #handsoffmypension #ABLeg #ABEd
Let us go back to page 120 of the Fiscal Plan released on October 24, 2019. Teachers know that date as when it was announced that ATRF investments were being ripped away and given to AIMCo. Then, Bill 22 was rammed through the Leg with almost no debate. #antidemocratic
Refering to this action, in the words of @PensionPulse (Leo Kolivakis, more on him later):
"This is Canada, not China, you don't rule by dictatorship and some Conservatives never learn and their arrogance will cost them political points in Alberta's next election."
Read 11 tweets
This is your daily pension announcement: The "how LAPP got screwed over" edition. BTW here is my #fakedog. If the energy war room can do it so can the pension war room...#handsoffmypension #ABLeg #ABed
The same general comments I make about LAPP also apply to PSPP and SFPP though some of the details are different.

I can't provide the complete history of the plan... other than to say that Bill 22 substantially changes governance for the LAPP Corporation.
This seems to have resulted in the GOA re-assuming all the risk for the plan. Some history: before the LAPP was a plan where the Minister of Finance was the sole trustee and custodian of the plan (a "fiduciary"). This was not ideal in terms of structure. #really
Read 12 tweets
This is your daily pension announcement: The "What Would AIMCo Do?" edition. Or, when I get it made into a T-shirt it will be just "WWAD?"

Sorry, my announcements have not been quite daily lately. I have been busy working all day and all evening with concerts and the like.
If you asked AIMCo how to compare the investment return of two funds what would they say? #wwad #handsoffmypension #compare

The answer was published by AIMCo in their November missive available on their website. I quote:
All aspects of portfolio construction must be considered to compare asset managers, including:
• Respective Plan’s Reporting Period
• Respective Plan’s Maturity
• Respective Plan’s Funded Status
• Respective Plan’s Asset Mix
• Respective Plan’s Risk Tolerance #really
Read 7 tweets
Dear @sjkaleta you’re in luck!

I’m an expert on #judicialindependence in French, ECHR and EU law so let me explain why you don’t know what you’re talking about (assuming you’re not here deliberately trying to mislead)

@sjkaleta 2. Some very basic points: French law CANNOT justify (obvious) violations of the basic requirements of judicial independence established by French Constitution/EU law (or Polish law for that matter)…
@sjkaleta 3. French law does NOT allow for any sanction against any judge who seek to apply EU law as interpreted by the ECJ case law all the more when we’re talking about judicial independence also strictly protected under FR Const (again this is obvious for all but liars and ignoramuses)
Read 16 tweets
Just finished reading the Polish government’s non-paper on “judiciary regulations” revealed and critically analysed by @oko_press last Friday:…

Thread (possibly long) to follow

#Poland #RuleofLaw #Article7
2/ My diagnosis in a nutshell: so-called "non-paper" is as ridiculously misleading as so-called “white paper” on so-called “reform” of Polish judiciary from last March

#TakingUsForFools (version 2.0)
3/ The silver lining: @TimmermansEU did not fall for so-called “changes” & “concessions” or "compromises" offered by Polish authorities which can be *at best* described as cosmetic or meaningless
Read 21 tweets

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