Thread by @yomeeks

This is your daily pension announcement: The I couldn't have said it better myself edition. No, Kevin your letter does not restore confidence! #ABLeg #handsoffmypension

albertapolitics.ca/2020/05/ceos-l…

To quote Mr. Climenhaga about job security at AIMCO:
"...it sure doesn’t sound as if he or anyone else on his senior management team is inclined to resign for losing so much money in an incomprehensible gamble on market volatility."

#ABLeg #AIMCOfail

As he points out so well, and I have been saying since November, that the UCP government wants AIMCO to manage all pensions very, very badly. As I have explained before every "cost saving" that Travis has put forward is easily demonstrated as specious. #ABLeg #handsoffmypension

The only motivation the UCP appears to have is a nefarious political one. They seek control to embolden claims on withdrawing from CPP. Sticking it to teachers and civil servants is just the icing on the cake. Sticking it to them with their own money no less.#ABLeg

"The government ... still needs to put the plan to force Alberta pension plans to deal only with the Crown corporation on hold, and to stop the effort to move the better-managed Alberta Teachers Retirement Fund over the objections of its contributors and retirees into AIMCo"

And it has become plainly obvious that the back benches are filled with MLAs that have no idea what is going on here. As much as you can attribute ideas, joint sponsorship of pension plans is actually a "conservative" idea. It would lift a risky burden from taxpayers. #ABLeg

But, no evidence exists that Travis even knows what joint sponsorship of a pension plan is or that it was conceived by the PC party of yore.

Horner and Redford tried to mess with civil service pensions. God knows why. It ended badly for them.

I told Travis that this would hang around his neck forever. And it will.

Please renew your relationship with your local MLA. They want to hear about AIMCo throwing away money from you. Now is the time for Travis to pause and reverse his pension plan changes. #ABLeg #AIMCOfail