This is your daily pension announcement: The Pension War Room™️ would note that Kevin as CEO and highest paid GOA employee could not even show up to the most newsworthy Heritage Fund Committee meeting ever. #ABLeg
Without any sense of irony, AIMCO presented a quarterly that showed AIMCO investment costs to be 0.80% per annum. Here is the graph from the AIMCO business case... #ABLeg #lie #fail #milburned
It shows AIMCO reducing costs of ATRF investments from 0.84% to about 0.50%. If AIMCO invests the Heritage Fund for 0.80%, hey they lied, and AIMCO won't save shit. #AbLeg
Decisions like these require careful study by financially competent people. #ABLeg #notinbertatheydont
In another stupid decision, the GOA opened proposals for a consultant to examine withdrawing from CPP.
It is half a mil we won't get back to produce a report that says it will cost more than current CPP deductions. #ABLeg
The good news is that a real actuary will have to sign off on the report. That will be some level reassurance to me since no actuary has signed anything.
The only reason for doing this is to spite the federal government. #ABLeg
Please watch the recording of the Standing Committee meeting and tell me what you think. #milburned #ABLeg
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