This is your daily pension announcement: The Pension War Room™️notes that there have been a series of unfortunate events. Travis (and @jkenney) took credit for bright fiscal update! #AbLeg #handsoffmypension
Travis and Jason have no influence over commodity prices and very limited influence over the economy in general. So your election platform being "the economy" is a fib to begin with. #AbLeg #dontpumpmyjack
@jkenney is spending most of his time in backroom fights over his leadership. You and I won't know the outcome until white smoke comes out of Cooper's Subaru.

It seems wrong to me that this fight is happening largely in secret when it involves our democracy. #AbLeg
Just to clear up one thing from the Heritage Fund meeting: we (as citizens) are entitled to know @Alberta_Finance's opinion on @aimcoinvests. Does the GOA think is is okay to have a veto on @aimcoinvests ? Yes or no. #AbLeg #handsoffmypension
Athana overruled a question of this nature. That was wrong. Voters may not be entitled to details of legislation in draft, but we are entitled to the GOA's general position. (Like with driving: GOA's opinion is that it is privilege not a right!) #AbLeg #handsoffmypension
How can we forget Travis' triumphant proclamation the GOA was "the owner of AIMCO". And, Travis as sole appointer of the Board.

All the while being the minority contributor to the plans. #AbLeg #handsoffmypension
@jkenney's worst decision is tough to pick because there are so many to choose from.
1. pension hijack
2. COVID ignorance
3. "job creation" corporate tax cut
4. school curriculum
5. Doctor's contract ripping
...the list is too long for Twitter...
#AbLeg #handsoffmypension
One final point, high level GOA staff are expected to cancel their holidays if something major comes up or is developing. (the GOA then pays out the cost for canceled reservations)

Why was that different for Shandro?

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More from @yomeeks

28 Nov
This is your daily pension announcement: The one more thing edition...
I did want to review the question from @davideggenAB at the Heritage Fund Meeting. It was along the lines of what can AIMCO do to restore the trust of the people of Alberta? #AbLeg #handsoffmypension
The response is really shows the problems with @Alberta_Finance and their relationship with @aimcoinvests. They (TBF DM Athana) refused to answer the question because it has more to do with teachers and not the Heritage Fund. #AbLeg #handsoffmypension
Well, let's just cut that apart for a moment. Big picture: AIMCO was used, knowingly or not, as a weapon to assault different labour groups. The fiduciary duty of these plans was interfered with and replaced with Travis' discretion. Everybody in AB saw this. #AbLeg #handsoff
Read 6 tweets
27 Nov
This is your daily pension announcement: The Pension War Room™️reports mass chaos and confusion after the public Heritage Fund meeting this week. The usual gaslighting, though from more from TBF less from AIMCO. #AbLeg #handsoffmypension
Some observations:
First, this was a remote public meeting. Yet, they could not find a way to broadcast the slide deck. It was an integral part of the presentation. They managed to put it on the website after the meeting...... #butthatsucks #AbLeg #handsoffmypension
Second, @ewsiddall did not show up. I am honestly concerned that something may have happened to him that is bad. A meeting of this nature is sensitive given the gaping wounds @aimcoinvests has suffered over the past year. #AbLeg #handsoffmypension
Read 9 tweets
26 Nov
Heritage Fund meeting and Evan Siddall doesn't show up? WTF?
Great question about replacing AIMCO as investment manager for the Heritage Fund. Short answer is "yes we can".
Too bad we can't replace them as our pension fund manager. #AbLeg #handsoffmypension
Read 10 tweets
19 Nov
This is your daily pension announcement. The Pension War Room™️ commemorates the day exactly two years ago that Bill 22 was introduced. @jkenney was hiding in Texas, the Bill was rammed through in an undemocratic record 4 days. Should have been a month... #AbLeg #handsoff
Bill 22 abolished the election commissioner and removed the right of pension plan fiduciaries to choose their own investment manager.

No coincidence I am sure, AIMCO released Q3 results today as well:
assets.ctfassets.net/lyt4cjmefjno/5…
Pretty good Q3: 1.7% return versus a benchmark of 0.8%. Of note, they mention their 4-year rolling return but not their 4 -year rolling benchmark, against which reliable judgments can be made.

BTW, the goal is 1% over benchmark, not benchmark. #handsoffmypension #AbLeg
Read 6 tweets
18 Nov
This is your daily pension announcement! The Pension War Room™️ announces the next Heritage Fund meeting!!! I would expect @ewsiddall to be in fine form.
Put November 25, 7-9 pm on your calendar. On the link below you can submit a question. #AbLeg

assembly.ab.ca/assembly-busin…
Questions will be answered by AIMCO and/the GOA. They can't be directly about the pension plans, but do feel free to ask things like:
"The Heritage Fund is coming off its worst year ever why did AIMCO still pay millions in performance bonuses?"
#AbLeg #handsoffmypension
"Are we still paying Kevin Uebelein a bonus based upon the fund's results this year even though he no longer works there?" #AbLeg #handsoffmypension

I know I will be tuned in for information and edification.
Read 4 tweets
13 Nov
This is your daily pension announcement: the are teachers "employees" of the GOA edition? It is an important distinction. LaGrange, for example, asked school boards to institute vaccine mandates for their employees(teachers). #AbLeg #handsoffmypension
Whereas Travis has been quoted so many times saying: "(the GOA) as the employer of teachers and the owner of AIMCO" can strip away the choice of investment manager from the fiduciary, which is the ATRF Board.

Really something to think about. Ministers can't seem to agree. #AbLeg
Travis, as I have said so many times, is wrong anyway.

In a @jkenney level gaslight, he fails to mention this plan is JOINTLY sponsored and the GOA contributes <50%. Might want to check with the other sponsor before you pronounce.... #AbLeg
Read 5 tweets

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