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19 Sep, 5 tweets, 3 min read
This is you daily pension announcement: pension news seems to have been overtaken by other events! There seem to be several members of cabinet who believe that our way out of this pandemic is to open another ICU. They have no understanding of labor economics. #AbLeg
You can't go to the unemployment line and expect to find College certified emerg docs and fully trained ICU nurses. It takes years to build up a reservoir of professional skills like this. #AbLeg
In pension news, please remember the ATRF investment employees who will now be moving to AIMCO over the next couple of months. I hope they will continue their great work in their new home. Their skill and dedication at ATRF was unmatched. #AbLeg
Our next Heritage Fund meeting is in October. That is if our current government lasts that long. If you are at all curious what @ewsiddall might have to say please tune in. #AbLeg #handsoffmypension
BTW, in terms of levels of scientific certainty, "an anonymous doctor told me" is the lowest level possible. Is this a horse doctor or a people doctor Paul? #AbLeg

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More from @yomeeks

The AB Teacher Pension War Room Profile picture
12 Sep
This is a curriculum announcement! A reminder that our current (strong) curriculum was developed over about 35 years of PC rule. The draft that was thrown away was developed under the PC and NDP. Calling it the "NDP curriculum" is simply not accurate. #AbLeg #ditchthedraft
In fact, our current curriculum is followed by many schools in other countries. That is yet another reminder of the strength of our education system. Put that together with the MacKinnon Report that shows K-12 education costs in AB are low and we have the deal of deals. #AbLeg
Only BC is lower cost (mainly because BC doesn't support private schools or the same level of busing). We had (historically) strong curriculum development process here. The process we had has been totally abandoned now. And, instead the draft is run up to cabinet every other week
Read 4 tweets
The AB Teacher Pension War Room Profile picture
8 Sep
The Pension War Room™️ declares total victory over AIMCO! I was advised earlier that ATRF and AIMCO have just inked a 50-page investment management agreement. As this new IMA contains everything we were asking for, the lawsuit was discontinued this morning.
The statement from the ATRF is here:
atrf.com/teacher/news/i…
The statement from the ATA is here:
teachers.ab.ca/News%20Room/Ne…

#AbLeg #handsoffmypension
This new IMA does the two things that Kevin (and Travis through Kevin) would never do.

1. The IMA recognizes the fiduciary duty of the
ATRF unconditionally.
2. And, it adds proper role clarity for both parties.
AIMCO does not get a veto.
Read 10 tweets
The AB Teacher Pension War Room Profile picture
6 Sep
This is your daily pension update: LAPP, SFPP, and PSPP are watching the ATA pension court case with bated breath. It is possible, depending on the decision, that we could see mucho legal action on behalf of these plans. #AbLeg #goteam
I would caution you that their situation is a bit different because those plans already use AIMCO as an investment manager. #AbLeg #handsoffmypension
I will remind everyone (again) that the Teachers' Pension Plan Act gives the responsibility for investing the assets of the plan to the ATRF Board not AIMCO and certainly not Travis. What kind of advice is he getting? #AbLeg #handsoffmypeension
Read 5 tweets
The AB Teacher Pension War Room Profile picture
4 Sep
This is your daily pension announcement: yesterday was the second and final day in court for The Pension War Room™️ and the ATA. It started with the judge telling the GOA that their interpretation of (the contested) section 3.8 of the IMA was "way off base". #AbLeg
It was clear from the questions that the judge was asking that she understood where the GOA was moving into the ridiculous.

A big shout out to Katrina Haymond and @FieldLaw for representing us so well. #AbLeg #handsoffmypension
Our torch of righteousness was borne well into the courtroom.

There are many issues for the judge to decide here in the application of administrative law. So it may take awhile for a decision to be rendered. #AbLeg
Read 6 tweets
The AB Teacher Pension War Room Profile picture
28 Aug
This is your daily pension announcement: asking the never ending question if the ATRF is the trustee of $20 billion of retirement savings why is the GOA telling AIMCO that it can do what it likes investing those assets? #AbLeg #handsoffmypension
Apparently AIMCO had two secret meetings with Treasury Board and Finance just before Travis imposed the IMA on the ATRF. If you are wondering what was discussed please stay tuned for the court case scheduled for next Thursday and Friday. #AbLeg #juicy
When AIMCO does cheap shit like this it really lays waste to the "arms length from government" claims. I am arguing that Travis owes the ATRF a basic level duty of fairness (among other things). #AbLeg #handsoffmypension
Read 4 tweets
The AB Teacher Pension War Room Profile picture
27 Aug
This is your daily pension announcement. The Pension War Room™️ attended the retirement ceremony of ATRF Chief Investment Officer Derek Brodersen today with mixed feelings. A great CIO who was an excellent steward of teachers' assets. #AbLeg
atrf.com/teacher/news/a…
September 2 is our day in court to challenge the imposed IMA. Please tune in for my commentary.

Things are weird at the Alberta Legislature right now. Deputy Minister are running around scare to do anything. An overriding atmosphere of fear and loathing. #AbLeg
This is your reminder that the ATRF Board is the only entity that is the fiduciary and trustee for the teachers' pension plan. And, despite what @jkenney has said, the plan is not backstopped by the GOA. #AbLeg #handsoffmypension
Read 4 tweets

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