This is your daily pension announcement! Management Employees' Pension Plan (MEPP) has their 2019 Annual Report available. AIMCO earned return: 12.5% against a benchmark of 13.3%. Not good. Bonuses should never be paid for below benchmark performance. #AbLeg @premiamgmt #fail
Not a big problem for MEPP, after all, they are 120% funded. Interesting to note that AIMCO charged MEPP 80 bps in costs. ATRF last year had investment costs of 76 bps, Travis tell me again how Bill 22 is going to save money... @AbLeg #handsoffmypension
@JasonCoppingAB has not replied to my email about the errors he was making about pensions. MEPP is a good example of a single sponsor (ie not joint) plan. Travis is the sole authority for the plan and is responsible for deficiencies. It is also fairly small ~$5 billion. #AbLeg
The GOA does NOT guarantee teachers' pensions. Travis needs to seek some truth here...
BTW, over 4 years (Kevin's tenure) value add has been 40 bps, the expectation of MEPP is a value add of 75 bps or more.
Mission not achieved. Oh well, at least it isn't negative. #AbLeg
BTW, over 4 years (Kevin's tenure) value add has been 40 bps, the expectation of MEPP is a value add of 75 bps or more.
Mission not achieved. Oh well, at least it isn't negative. #AbLeg
Someday, I will total the millions of dollars of bonuses that were paid to AIMCO executives to not achieve their mission. Sigh.
You would do well when chatting with your MLA to mention that the AIMCO Board and senior admin need to disclose their expenses as the ATRF does. #AbLeg
You would do well when chatting with your MLA to mention that the AIMCO Board and senior admin need to disclose their expenses as the ATRF does. #AbLeg
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