The Alberta Teachers' Association (ATA) says it will be taking the government to court over a ministerial order signed last month that they say gives teachers less control over their pensions. On Dec. 23, 2020, Finance Minister Travis Toews signed a ministerial order allowing the government-owned Alberta Investment Management Corporation (AIMCo) to reject any changes proposed by the Alberta Teachers' Retirement Fund (ATRF). Teachers have repeatedly expressed concerns following the passing of Bill 22, which transfers their pension investments under AIMCo's management. The pension fund lost billions last year, and some union leaders had expressed concerns the manager was making decisions to prop up oil companies. Toews has previously reassured teachers that the ATRF board would remain in control of pension decisions — a promise Schilling argues the recent ministerial order negates.

Source: CBC News January 27, 2021 02:17 UTC