The Pension War Room™️ remember quote about potentially starting an APP:
It brought my favorite @jkenney quote about potentialy starting an APP:
edmontonjournal.com/news/local-new…
“That is not about investment strategy, it is about demography,” he said, noting that Alberta has a young population and should be able to operate a public pension plan at lower premiums than the CPP."
Just so you know, that isn't true. Somebody call an actuary. #ABLeg
On moving ATRF to AIMCO:
"Kenney said the transfer will save taxpayers money and “generate better returns,” while continuing to allow the teachers’ board to manage its investment strategy and level of risk under AIMCo’s execution."
Anybody seriously going to argue this now?
"...AIMCO announced its returns for 2019... The annualized total fund returns over 10 years were 8.2 per cent. By comparison, the Ontario Teachers’ Pension Plan delivered .... 9.8 per cent annualized over 10 years."
Oh baby that burns.... #ABLeg #milburned
And, I can't forget my other favorite (from CBC):
"At an April 22 press conference, Premier Jason Kenney said AIMCo's investment losses were 'a fraction' of other stock market dips seen around the world amidst the COVID-19 pandemic."
Well that was one hell of a lie, wasn't it?
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