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The board managing nearly 82,000 current and retired Alberta teachers’ pensions has “deep concerns” about a government plan to pluck away control of investments and hand it to a Crown corporation, says a letter to the finance minister.

The letter, penned Wednesday by Alberta Teachers’ Retirement Fund (ATRF) board chairwoman Sandra Johnston and obtained by Postmedia, said the board has “not seen any evidence that the action contemplated in the (provincial) budget will be in the best interest of our members.”

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Furthermore, workers and the opposition worry the United Conservative Party government intends to reverse a recent change that gave more than 351,000 public sector employees joint control of their pension funds.

At a Thursday morning legislative committee meeting, Finance Minister Travis Toews said government is “looking at making some changes” to the structure of the Local Authorities Pension Plan (LAPP), Public Service Pension Plan (PSPP) and Special Forces Pension Plan (SFPP). Enrolled in those plans are thousands of government and municipal employees, health-care workers, firefighters and police officers.