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Page 11 - ஆல்பர்ட்டா முதலீடு மேலாண்மை நிறுவனம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Alberta Teachers Association, principal sue government over pension order

At issue is control of the $19.3-billion teachers retirement fund, which has nearly 84,000 members. In 2019, thousands of teachers were outraged when the United Conservative Party government passed a bill requiring the ATRF to use the Crown corporation Alberta Investment Management Corporation (AIMCo) to manage investment of the fund. Members of the NDP caucus deliver letters and emails to the premier s office in July 2020 from people opposed to changes to public sector pension plan control and who want Alberta to stay in the Canada Pension Plan.(Janet French/CBC) The government, which pays about half of teachers pension contributions, said the move would save investment management fees. Toews has said that ATRF would retain ownership of the fund and keep its ability to decide the strategy of how the billions of dollars should be invested.

CPP Investments Eyes Lowering Stake in Low-Credit Rated Puget Energy

CPP Investments Eyes Lowering Stake in Low-Credit Rated Puget Energy Posted on 03/09/2021 The Canada Pension Plan Investment Board (CPP Investments) is contemplating lowering its ownership stake in utility Puget Energy Inc. CPP Investments hired an adviser to lower its 31.6% stake by around 10%. CPP Investments would like to get around US$ 700 million for the stake, valuing Puget Energy with an enterprise value of up to US$ 7 billion. Puget Energy’s main operating unit is Puget Sound Energy. Puget Sound Energy is the largest electric and gas utility based in Washington. In January 2021, Puget Sound Energy announced plans to reduce its carbon emissions to net zero by 2045.

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