Thread by @yomeeks

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. "

I ALWAYS KNEW THIS! THANK GOD THIS SEES THE LIGHT OF DAY! #ABLeg #aimcofail

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