Discover and read the best of Twitter Threads about #minburned

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This is your daily pension announcement: The Pension War Room™️ demands a relative value comparison with the CPP Investment Board!😲💩 Andrew Willis brings the fire! #ABLeg #handsoffmypension #milburned…
To quote the sickest of burns:
"Edmonton-based AIMCo, on the other hand, has the dubious distinction of being among the worst-performing Canadian pension plans during the recent downturn, posting stats that would get a player cut from the Edmonton Oilers." #ABLeg #thathurts
And he doesn't let up:

"Contrasting its results to CPPIB – an apples-to-apples comparison – also shows the Alberta fund suffered outsized losses on investment strategies linked to market volatility."

#ABLeg #minburned #teamtripod
Read 8 tweets
This is your daily pension announcement: Good news for LAPP members! Not so good news for everyone else invested with AIMCO.... #ABLeg
Read the following message carefully where the CEO of LAPP rips AIMCO a new one: #owthathurts…
A couple of germane points to be made. First, your pension benefits are safe. Even though LAPP have endured huge losses the plan is still 109% funded (down from118%, anything north of 95% is great). LAPP could have reduced contributions, but no. #ABLeg
This is a testament to the hard work and dedication of the LAPP Corporate Board. An excellent result.

And, no thanks to AIMCO.

(For teachers, just a reminder that your pension contributions will go down in the fall due to strong ATRF returns.) #ABLeg
Read 14 tweets

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