The UCP is withholding the annual report of the Alberta Heritage Savings Trust Fund, violating a legal requirement to have provided this information by now.
#ableg #abpoli #yyc #yeg #yql #ymm
This information would have been highly relevant to Monday’s committee meeting to discuss Bill 203, the Pension Protection Act.
The Alberta Heritage Savings Trust Fund Act requires that the Annual Report be reviewed by a Standing Committee, and then be released to both the Legislature and the public no later than June 30.
The report is expected to reveal the extent of AIMCo’s drastic financial losses over the past year including how much the volatility based investment strategy loss reported in March cost Albertans.
Albertans are being kept in the dark about AIMCo’s latest losses, while legislation that could help to protect Albertans retirement savings from this same troubled investment manager hangs in the balance.
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