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This is your daily pension announcement: The Pension War Room™️ is on a course to intercept! Take a look at what SFPP has returned. Oh baby not pretty... #ABLeg #AIMCOFAIL
sfpp.ca/page/news
sfpp.ca/page/news
Returning -12.2% in one quarter when the benchmark returns -6.66% is bad real bad. Look Ma, I only lost double what an average manager did!
Of graver concern is the long term performance. It averages to 0.23% of value add (above benchmark) over 12 YEARS. #ABLeg @premiamgmt
Of graver concern is the long term performance. It averages to 0.23% of value add (above benchmark) over 12 YEARS. #ABLeg @premiamgmt
Just so you know, pension plan investors have to score substantially above benchmark to earn the million dollar bonus. The return objective, and therefore the compensation threshold, is probably 0.75% above benchmark. This does not come close to that level. #ABLeg
This is your daily pension announcement: The Pension War Room™️ is into labour economics!
The three amigos (@jackmintz and those two other guys) have been publishing op-eds galore in @postmedianet papers. You might want to read this too: #ABLeg
competeprosper.ca/blog/public_se…
The three amigos (@jackmintz and those two other guys) have been publishing op-eds galore in @postmedianet papers. You might want to read this too: #ABLeg
competeprosper.ca/blog/public_se…
The three amigos repeat each other's talking points and (what I think) is a 2013 Fraser Institute report. They make conclusions that are not reasonable, to wit, public sector workers make more than private sector workers. #ABLeg #handsoffmypension
After this came out even the Fraser Institute admitted that using the Labour Force Data instead of the census data was a serious error. (the admission is still on the FI website) Read this too:
afl.org/reality_check_…
afl.org/reality_check_…
