Thread by @yomeeks

This is your daily pension announcement, mailbag edition!😎Where I will answer pension question put to me by the loyal pension army!!!

First up, several questions all along the lines of: "If the NDP toss the UCP from power will Bill 22 be rescinded?"
#AbLeg #handsoffmypension

I can't say what exactly will happen but the NDP have shown they understand the issues involved and have tried (twice) to get most odious and unfair portions of Bill 22 and the AIMCO Act fixed.

#AbLeg #handsoffmypension

For me, if the public sector pension plans were obligated to use AIMCO "where value exists" then things would be fine.

I am confident that in a couple of asset classes AIMCO can provide cost-effective investment management. Not in all asset classes. #AbLeg #handsoffmypension

Next question: How much are the transition costs for moving assets to AIMCO so far?

I don't know. No one is saying. It would be a good idea to ask Travis via letter or phone call.

It will be in the many millions of dollars, teachers on the hook for half. #AbLeg

Next question: Any sign of the $42 million of annual savings that Travis promised?

Nope. No sign. As I have explained before these savings are fiction of the highest order. Plans like the ATRF will end up with a higher net cost investment manager with AIMCO. #ABLeg

Last question: How many millions of dollars of investment bonuses were paid to AIMCO executives over the last five years to achieve a 5 year return that is below benchmark?

You can't handle that truth....
(Remember benchmark is what an index fund would get you.) #AbLeg #fail

Meanwhile, the asset transfer from ATRF to AIMCO has been halted as a result of the lawsuit over the Investment Management Agreement.

Despite what Travis and @jkenney say, the GOA does not guarantee your pension and teachers share the risk equally. #AbLeg #handoffmypension