Alberta teachers' battle over government changes to their pensions is headed for the courts. The Alberta Teachers' Association and an Edmonton school principal have filed a lawsuit against the provincial government about an order they say wrests more control of pension funds away from teachers. The association, and Greg Meeker, who was president of the Alberta Teachers' Retirement Fund (ATRF) for 10 years, claim a December ministerial order conflicts with the law. (Janet French/CBC)The government, which pays about half of teachers' pension contributions, said the move would save investment management fees. But to complete that transfer, the teachers' pension fund board and AIMCo have to reach an investment management agreement.
Source: CBC News March 13, 2021 12:56 UTC