This is your daily pension announcement: @MattJonesYYC wanted AIMCO Heritage Fund 5-year numbers, well here you go. Attached is the quote from the last quarterly that shows the 5-year investment objective to be 7.1%. #AbLeg #handsoffmypension 
What was the 5-year AIMCO Heritage return? 6.3%, A FULL 0.8% BELOW THE GOAL.
That is annualized each year for 5 years. Think about that. Kevin often tries to confuse things by suggesting the passive benchmark is the target. It isn't. #AbLeg
That is annualized each year for 5 years. Think about that. Kevin often tries to confuse things by suggesting the passive benchmark is the target. It isn't. #AbLeg
I am so concerned about this unilateral GOA action is that pension policy errors don't show up for years and then are dealt with years after that.
It is so interesting to me that MLAs swear that pensions are guaranteed when that guarantee was removed in 1992. #AbLeg
#AbLeg
It is so interesting to me that MLAs swear that pensions are guaranteed when that guarantee was removed in 1992. #AbLeg
#AbLeg
Your MLA needs to recognize the disenfranchisement of teachers with respect to pensions. We have an ATRF Board that is joint between the ATA and GOA. During my time on the Board the fund went from being 33% funded to 95% funded. #AbLeg
There were other factors. But this joint governance structure clearly worked.
Now our investment manager is solely owned by the GOA which can deliver "directives" upon AIMCO at will.
The directors of AIMCO are exclusively appointed by Travis. #fail #AbLeg
Now our investment manager is solely owned by the GOA which can deliver "directives" upon AIMCO at will.
The directors of AIMCO are exclusively appointed by Travis. #fail #AbLeg
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