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|    brewnoser2@gmail.com to All    |
|    Alberta raids Teacher Pensions and Healt    |
|    15 Feb 20 17:20:15    |
              Wow. No bloody wonder Jason Kenney is having troubles with the Unions in       Alberta.       _____________________________________       AIMCo CEO has eye on Trans Mountain after GasLink deal              The chief executive of the Alberta Investment Management Corporation (AIMCo)       said his firm chose to invest in the Coastal GasLink pipeline in British       Columbia because it’s certain the project will be seen through to completion.              AIMCo already administers more than $100 billion in government pensions and       other funds.              _____________________________________________       CBC News · Posted: Oct 27, 2019              Teachers uneasy after pensions transferred as part of provincial budget              Funds for Workers’ Compensation Board and Alberta Health Services also moved       to Crown corporation              Some teachers are looking for answers after learning their pensions are on the       move — without their consultation or approval.              Teachers' pensions are currently managed by the independent Alberta Teachers'       Retirement Fund Board, or ATRF, which was established in 1939.              The corporation currently administers pensions for all teachers in school       jurisdictions and charter schools in Alberta, with an option for private       school teachers to join as well.              But text of the budget released Thursday disclosed the ATRF was "expected to       transfer funds to Alberta Investment Management Corporation (AIMCo) for       management … AIMCo is expected to provide maximum returns to its clients,       and processes will be        expanded to support broader agency involvement."              An emergency fund for the Workers' Compensation Board and funds managed for       Alberta Health Services will also be transferred to AIMCo, according to the       budget.       [- - -]              In a statement posted on Twitter Saturday, the Alberta Teachers' Association       called the move a "hijacking."       [- - -]              https://www.cbc.ca/news/canada/calgary/teachers-pension-rod-math       son-alberta-health-services-1.5337431              --- SoupGate-Win32 v1.05        * Origin: you cannot sedate... all the things you hate (1:229/2)    |
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