Thread by @yomeeks

This is your daily pension announcement! Not feeling the love today edition. I want to just remind we still have no reliable answer as to how many billions went down the toilet🚽 with KXL. #AbLeg #handsoffmypension

Our pension topic of the day is about MLAs wrongly telling AB that the GOA is responsible for any deficiency in public sector pension plans. Some plans are like that, not the major AB public sector plans though. #handsoffmypension

Joint (or risk shared) plans like ATRF split the liabilities between the GOA and the teachers. Which is only fair that it mirrors contributions. And these liabilities are paid off in a 15 year time period max. #AbLeg #handsoffmypension

Travis' talk is so dangerous because currently teachers and GOA together are paying off a deficiency of 3.28% of pay roughly half and half. If what the GOA has said is true they should be paying this off alone. Someone let Bryce know. #AbLeg #handsoffmypension

This is why the ATRF Board needs the freedom to make decisions on all aspects of the plan like investment management. If the GOA is de facto pulling the strings behind the curtains then they are de facto accepting any liabilities. #dangerous #AbLeg #handsoffmypension

Somewhere at TBF they have a risk management analysis that explains all of this. There is no evidence that Travis or Athana has read it. @jkenney needs a copy too. I would have never thought our mini-MAGA GOA would be publicly accepting pension liabilities. #AbLeg

Just a reminder that Travis did not need to impose an IMA. He could have let the ATRF continue to manage the assets until agreement was reached. Now Travis is getting sued by at least two organizations over this decision. #AbLeg #handsoffmypension