Alberta's pension fund dries up for retiring boomers

In April Liepert promised to appoint a task force to investigate rebuilding the teacher’s pension fund and extended an olive branch to the union - which claims the fund was so poorly managed that there’s not enough cash to pay pensions to a growing number of retiring baby-boomers. He said the province would donate a one-time, $25-million payment towards the teachers’ $2-billion portion of the overall $6-billion debt, but only if the ATA was willing to sit on a task force to study the issue - and only if the task force isn’t interrupted by job action during contract talks. "Not Enough Money for Retiring Teachers' Pensions" Edmonton Sun