Thread by @yomeeks

This is your daily pension announcement: blast from the past edition! I will bring you some of my favorite quotes from all the big players! Buckle up.... #ABLeg

"I am grateful for the vote of confidence that the Alberta government has made in AIMCo." -Kevin Ubelelein

This is where Kevin makes it clear that AIMCO is in no way independent of the GOA . Implied in this is the payback that will be required in the future. #ABLeg #handsoff

Who can forget Ron Orr straight out of the Ponoka News"...every teacher will get paid a government guaranteed pension until the day they die..."

Just so you know the GOA removed the guarantee in 1992. So this isn't true.
#ABLeg #handsoffmypension

Leela Aheer Nov 4, 2019:
"Alberta Teachers’ Retirement Fund board will have the control and will remain to oversee the pension, how it is invested, and will keep ownership of the assets. "

Well we needed a court case to retain investment control. #ABLeg #handsoffmypension

And, with regards to the latter, if the ATRF is the owner of the assets, should they not be the ones that select the investment manger? Throw that little bit of critical thinking in the new curriculum....
#ABLeg #handsoffmypension

And this gem from Athana Mentzelopoulos, Deputy Minister of TBF (June 23, 2020):
“I would like to be very clear that AIMCo has a consistent record of outperforming their mandated benchmarks.”

Uh, I can't even. #ABleg #handsoffmypension