Thread by @yomeeks

This is your daily pension announcement: The Pension War Room™️ brings you the risk shared edition! This is probably the most dangerous lie about public sector pensions in AB.... that the GOA is on the hook for any and all liability. #AbLeg

ATRF (and now LAPP, SFPP and PSPP) are all "risk shared" plans. In the case of ATRF if any liabilities exist they are paid off 50/50 by plan members and GOA over a max 15 year time.

This is a good idea for taxpayers, that plan members bear at least half the funding risk. #AbLeg

That is why I am so shocked when MLAs are claiming that the GOA is picking up the risk. If they keep saying that....then it must be true. Truthiness on display.

FYI, currently, the teachers' plan has a deficiency of about 3% of pay. It is being paid off 50/50 right now. #AbLeg

So, if the GOA was picking up all the deficiency then teachers would not be paying this. :)

So to recap, a risk shared plan is important for both taxpayers and teachers. If your MLA says any crazy stuff about this please push back. #AbLeg

And, again feel free to copy me on any correspondence from your MLA on this topic.

We are entering the watch and wait AIMCO period. A new CEO should be announced in the next six weeks and a new Board member in the next week or two. #AbLeg #handsoffmypension #icantwait

From the ATRF website just to rouse you into action... after all, Travis claims better deals available with AIMCO. #AbLeg #handsoffmypension