Thread by @yomeeks

This is your daily pension announcement. All public sector pension members must read this!

"Kenney seems not to understand the teachers' concerns. Or, perhaps more accurately, he understands perfectly well what they're saying but has turned a deaf ear."

cbc.ca/news/canada/ed…

And from the indefagable @schill_dawg :
"There will still be an ATRF board. The board can give suggestions to AIMCo, in terms of investment management strategies, but they don't always have to follow it."
10-1 odds @jkenney flips out at the next Q.
#ABLeg #igotaproblemwiththat

I take no delight in the present festering cesspool of affairs. In fact, I will mention that Institutional Investor had more things to say about AIMCo today. I will reproduce the saucy bits here as it is for subscribers only and subscriptions are US$1,200 per year. #ABLeg #fail

Yeah, they have bestowed a new title on @jkenney: The One-Man Factory for Bad Pension Ideas. Yes, I can assure you they have a compensation system that caps the downside.

The Tiffany Trump of Canadian pension funds? That is harsh. And funny as hell at the same time. BTW this is consistent with what I heard, losses have not been fully realized yet and may in fact be substantially more than the $4 billion that has been admitted to. #ABLeg #damage

@jkenney's plan was not this. He wanted to build a big strong investment house that would earn him some respect in NYC. In my opinion, he wanted this so bad that he gave Travis free reign to trod over good judgment and stakeholder input.

Whose pension is it anyways? #ABLeg #OMG