The Pension War Room™️is pleased to report that the ATRF Annual Report just dropped! Get your copy here! There is so much provocative reading inside that I will analyze right here for your pleasure. #AbLeg #handsoffmypension
atrf.com/annual-reports/
atrf.com/annual-reports/
Due to excellent investment returns coupled with strong risk control, contribution rates will go down next year (starting Sept 2022).
They will go down by aprox 2%: 1% of pay for teachers, and 1% of pay for GOA. More money in your pocket. #AbLeg
They will go down by aprox 2%: 1% of pay for teachers, and 1% of pay for GOA. More money in your pocket. #AbLeg
This one move of reducing contribution rates has done more to save Travis money than being forced to use @aimcoinvests ever will. Sigh.
The plan is now 98% funded, extremely well funded by any measure. #AbLeg #handsoffmypension
The plan is now 98% funded, extremely well funded by any measure. #AbLeg #handsoffmypension
Investment Performance: remember this past year was combo of the original ATRF portfolio and the @aimcoinvests portfolio.
1 year return: 15.6%
1 year benchmark: 13.8%
Value add: +1.8%
Excellent. Fantastic. #AbLeg #handsoffmypension
1 year return: 15.6%
1 year benchmark: 13.8%
Value add: +1.8%
Excellent. Fantastic. #AbLeg #handsoffmypension
Longer term ATRF Return
4 year return: 9.6%
4 year benchmark: 8.9%
4 year value add: 0.7%
10 year return: 10.0%
10 year benchmark: 9.2%
value add: 0.8%
Those positive value add numbers will make all the difference for financial security far into the future. #AbLeg
4 year return: 9.6%
4 year benchmark: 8.9%
4 year value add: 0.7%
10 year return: 10.0%
10 year benchmark: 9.2%
value add: 0.8%
Those positive value add numbers will make all the difference for financial security far into the future. #AbLeg
This is not a perfect comparison, but I know I am going to be flooded with this question, so here it goes:
The most recent @aimcoinvests annual report(2020):
4 year AIMCO Balanced return: 6.7%
4 year AIMCO Balanced Benchmark: 7.9%
4 year AIMCO Value Add: -1.2%
#AbLeg #handsoff
The most recent @aimcoinvests annual report(2020):
4 year AIMCO Balanced return: 6.7%
4 year AIMCO Balanced Benchmark: 7.9%
4 year AIMCO Value Add: -1.2%
#AbLeg #handsoff
The negative sign in front of that value add for @aimcoinvests will have far reaching negative consequences for for all public sector pension plans EXCEPT teachers (teachers were not using AIMCO for the period in question.) #AbLeg #handsoffmypension
If you read the Compensation Disclosure you would note that, unlike @aimcoinvests, ATRF is not paying retention bonuses to employees that have been severed. Kevin is gone but he is still burning AB taxpayers. #AbLeg #handsoffmypension
If you read the section on discount rate has been decreased to 6.25% from 6.35%. This is the ATRF Board taking risk off the table. This is a prudent move given the changing demographics of the teacher workforce in AB. I will be interested to see what the COVID effects are. #AbLeg
I will bring you more observations later in the day. I have some calls out for some professional opinions. #AbLeg #handsoffmypension
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