My Authors
Read all threads
This is your daily pension announcement: The Pension War Room™️ has @SPhillipsAB bring the fire! Not only is the Private Member Bills committee meeting tomorrow AM, but the Public Accounts Committee is meeting too! @SPhillipsAB is the chair! Look what is on the agenda: #ABLeg
"In particular, I will be asking questions related to comparisons between ATRF’s past performance under its own management and the performance of the Local Authorities Pension Plan (LAPP), which has historically been managed by Alberta Investment Management Corporation (AIMCo)."
And "We now know that AIMCo executives stand to gain millions in bonuses from increasing the size of the organization’s portfolio, and that AIMCo pushed to take over the management of ATRF. "

And the 🔥🔥🔥🔥🔥:

"The structure of these bonuses, and the fact that the Kenney Gov did not do its own due diligence when making these decisions, raise important questions about conflicts of interest." #ABLeg #ABEd #conflictofinterest #milburned
"We need to know if there was a perverse incentive for individuals giving advice to government on these matters, and if that coloured the advice and business case that were provided. "

Can I get an Amen up in here? #ABLeg #handsoffmypension
"If individuals benefited from these sorts of decisions while putting your retirement savings at risk, you ... deserve to know."

Damn straight @SPhillipsAB, we do deserve to know. And, the recent FOIP request shows....#ABLeg #AIMCOfail
...that AIMCO recommended AIMCO as the best investment manager even though AIMCO execs stood to gain millions per year in compensation. (Kevin's pay could go up by $1 million per year alone, if he still has a job.)

#ABLeg #perverseincentive #finallsomeonegetsus
So if you have time, watch the committee meetings tomorrow AM. They start at 8 and 8:30AM, and are broadcast from the Assembly website. #AbLeg

There will be fire. #finallysomeonegetsus
Missing some Tweet in this thread? You can try to force a refresh.

Keep Current with Greg Meeker

Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

Twitter may remove this content at anytime, convert it as a PDF, save and print for later use!

Try unrolling a thread yourself!

how to unroll video

1) Follow Thread Reader App on Twitter so you can easily mention us!

2) Go to a Twitter thread (series of Tweets by the same owner) and mention us with a keyword "unroll" @threadreaderapp unroll

You can practice here first or read more on our help page!

Follow Us on Twitter!

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!