Thread by @yomeeks

Re-upping this fine piece from Dr. Bob in honor of Kevin's last day at AIMCO: the day the UCP declared war on teachers. (I differ in that I place the date earlier but that is a minor issue.)
A great review of the bullshit that got us to this point. #AbLeg
abpolecon.ca/2021/01/17/ucp…

Dr. Bob even includes a quote from @MarkDWiseman before it was stricken from the web. In defense of the ordered IMA his statement said in part:

(good governance and operational independence) "These factors define the success of the Canadian model of pension management."
#AbLeg

@MarkDWiseman should know that the current structure of AIMCO and the GOA DOES NOT AT ALL REPRESENT THE VAUNTED Canadian pension model.

That is false inclusion. The Canadian model does not ans has not ever included governments overruling the joint trustee of the plan. #AbLeg

It does not include being forced to use an investment manager that is wholly owned by one of the sponsors.

It does not include one sponsor being able to issue "directives" to the investment manager in secret.

@MarkDWiseman should go take a look at BCIMC and IMCO for ex. #AbLeg

Remember UCP MLAs now have talking points about UAPP being "separate" when AIMCO was formed so it was not forced to use them. That, of course, is crap. ATRF was separate for decades prior to AIMCO. #AbLeg

Who is the fiduciary and trustee of our pension funds? It sure as hell isn't Travis and @MarkDWiseman.

Good riddance to Kevin Uebelein. He will fly away secure in the knowledge that Alberta workers will use his name in vain for years to come. #AbLeg #handsoffmypension