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Mar 31 • 6 tweets • 3 min read
The Pension War Room™️will change channels to a similar issue today: #Bill15 gets introduced today. It is Education (Reforming Teacher Profession Discipline) Amendment Act, 2022.

Which is known as the "retribution for teachers opposing the curriculum Act". #AbLeg
It removes the discipline function of the ATA that it has successfully executed for 85 years.

It is retribution much in the same way as the superintendents were awarded a disciplinary function for tepid support of the Minister. #AbLeg
If you want more background, read this from former standout Minster of Education Dave King. #AbLeg
cbc.ca/news/canada/ca…
His (and my)considered opinion is that any province that has a separate discipline function for teachers regrets it.

I wonder what the #redtapereduction people think about creating another GOA entity? #AbLeg
The UCP definitely need to change the channel from, well, everything else. Beating up on the teaching profession won't be the uplifting experience that they envision. #AbLeg
Good ol 'berta is an enigma in so many ways. Allegedly right wing, but then proceeds to build (arguably) the best public education system in the country over a 40 year period. #AbLeg

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More from @yomeeks

The AB Teacher Pension War Room Profile picture
Mar 19
This is your daily pension announcement: The Pension War Room™️ releases year end results for the major @aimcoinvests clients excluding @ATRFPension. In an annoying bit of accounting, AIMCO takes their year end as March 31 as if they were a GOA department. #AbLeg #handsoff
So it will be some months yet to see if @ewsiddall got a raise over what they were paying Kevin.

As I have said previously, above benchmark 1-year numbers for all of the big clients. Positive news. But some weird stuff you should be aware of as well. #AbLeg
LAPP: 1 year return of 15%, 7.5% above benchmark. Great! What drove that return? A 72.5% RETURN IN PRIVATE EQUITY. That definitely requires special attention from the Auditor General.

(Valuation of Private Equity is inexact. Caution required) #AbLeg #handsoffmypension
Read 8 tweets
The AB Teacher Pension War Room Profile picture
Mar 16
This is your daily pension announcement: The Pension War Room™️ confirms that it is true, Travis is giving almost everyone at @aimcoinvests raises, while many health care workers are getting rollbacks! Here is the Ministerial Order... #AbLeg #handsoffmypension
Raises for employees @aimcoinvests will range from 39% down to 3%. Meaning even the smallest raise will be more than teachers' have received in the last 7 years. Read it and weep. #AbLeg #handsoffmypension
In fairness, I think salaries for the rank and file at @aimcoinvests have been frozen since April 2018. Don't worry about the senior executives like @ewsiddall they are not subject to this legislation. #AbLeg #handsoffmypension
Read 4 tweets
The AB Teacher Pension War Room Profile picture
Mar 13
This is your daily pension announcement. The Pension War Room™️tried not to listen to @jkenney on the radio yesterday. Thanks so much to the teacher that phoned in about pensions. I just did not have the stomach for it. #AbLeg #handsoffmypension
I do need to point out that what @jkenney said was wrong, very wrong. Sigh. He repeated some Fraser Institute talking points that might go far in caucus. Please read the Teachers' Pension Plan Act for receipts. #AbLeg #handsoffmypension
For the umpteenth time: the GOA in DOES NOT guarantee teachers' pensions the financial risk is shared: 49% for the GOA and 51% for teachers.

This is why decisions about this plan **should** be made by the ATRF Board which is half appointed by the GOA and half by the ATA. #AbLeg
Read 6 tweets
The AB Teacher Pension War Room Profile picture
Feb 28
This is your daily pension announcement: Statement of @ewsiddall, @aimcoinvests CEO:
"We have advised our clients that we will be divesting our small number of Russian positions as soon as possible and that we will make no new purchases of Russian securities during the conflict.
....In addition, our Executive Committee has committed to match humanitarian donations made by our AIMCo colleagues."
If you want more details... #AbLeg #handsoffmypension
theprogressreport.ca/aimco_owns_mil…
@aimcoinvests continues to have a unique approach to investment disclosure in that they don't do any. Take a look at what BCIMC does. They publish (annually) a flipbook listing of their investment inventory. #AbLeg #handsoffmypension

uberflip.bci.ca/i/1442097-bci-…?
Read 4 tweets
The AB Teacher Pension War Room Profile picture
Feb 25
This is your daily pension announcement, the budget edition! Travis does mention that $290 million increase for @aimcoinvests primarily for performance incentives that pay off. Funny how he can understand the concept of "net return" now and not as it applied to ATRF. #AbLeg #dumb
He also mentions that GOA pension plans are very well funded near or above 100%. Great news, somebody should put a stamp on that an mail it to the Fraser Institute. #AbLeg #handsoffmypension
But with Kevin Uebelein gone so are the grandiose plans @aimcoinvests. The red tape reduction people should really cut the layer named @aimcoinvests out from between teachers and their retirement savings. #AbLeg #handsoffmypension
Read 5 tweets
The AB Teacher Pension War Room Profile picture
Feb 21
This is your daily pension announcement. The Pension War Room™️does eagerly await the budget this week. Remember the UCP have little direct influence over the economy. Oil prices saved us again not the UCP. #whowilltakecredit #AbLeg #handsoffmypension
Some people like to take credit when none is due. Bumbles did throw away $1.2 billion on a pipe to nowhere.

I do need to remind you that public sector pension assets in AB are NOT PUBLIC MONEY despite what he says. Please read the Financial Administration Act. #AbLeg #handsoff
And, public sector pensions are NOT guaranteed by the GOA. In the case of teachers' pensions they were guaranteed until 1992.

They were guaranteed as compensation for the GOA under-funding them from 1957-1992. Teachers made their required contributions, GOA not so much. #AbLeg
Read 7 tweets

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