Thread by @yomeeks

This is your daily pension announcement: The goose and gander edition.

Well, we are all bunkered in here in the pension war room.

Just so you know, loyal followers, Kevin and Travis are thinking of you every day. #handsoffmypension #ABLeg #ABEd

Let us go back to page 120 of the Fiscal Plan released on October 24, 2019. Teachers know that date as when it was announced that ATRF investments were being ripped away and given to AIMCo. Then, Bill 22 was rammed through the Leg with almost no debate. #antidemocratic

Refering to this action, in the words of @PensionPulse (Leo Kolivakis, more on him later):
"This is Canada, not China, you don't rule by dictatorship and some Conservatives never learn and their arrogance will cost them political points in Alberta's next election."

So if the ATRF portion of the budget has been dealt with in the most expeditious fashion, why hasn't the AIMCo section of the budget? May I direct you to page 120 of the fiscal plan:

"AIMCo is expected to provide maximum returns to its clients, and processes will be expanded to support broader agency involvement."

That's right, AIMCo has expectations placed on it to provide better returns in the Fiscal Plan. #gooseandgander

Where the hell is the legislation for that? They rammed through an omnibus bill that dealt with ATRF (and a bunch of other things) but seem to have so far forgotten the bit about AIMCo. #iwonderwhy #dictatorship

So, I know teachers are meeting with their MLA's and some have even been granted a meeting with Travis as well. Here is another question to ask your legislator: Where is the legislation specifying the "maximum returns" that AIMCo is to provide? #ABLeg

What is good for the goose is good for the gander. Particularly after Dr. Bob discovered that the LAPP 10 year value add was -0.2%. (to 2015). So it seems to me that the GOA is right to put some expectations on AIMCo. They just need to do with legislation so all of us can see.

LAPP, btw had not reached its benchmark for the first three quarters this year. Shortly, we should find out its return for the year. I am betting it is below benchmark. #toolow
No wonder they wanted the option of leaving.

Any day now ATRF will be releasing its Annual Report. I will analyze the results right here on Twitter. I am willing to bet ATRF will return will be above benchmark pushing the funded ratio even higher.

BTW, MLA's are a little angry that they were not told about the great pension hijack until after it was announced in October. When, apparently, some AIMCo employees knew in early July. So if you are writing a letter you should rub some salt in this wound. #salt