Subscribe to the 100% free rdnewsNOW daily newsletter!
Oct. 27, 2022, 7-9 pm

Albertans invited to discuss Heritage Savings Trust Fund

Oct 25, 2022 | 2:51 PM

The Legislative Assembly of Alberta’s Standing Committee on the Alberta Heritage Savings Trust Fund is inviting Albertans to take part in its annual public meeting on Thursday, October 27, 2022, from 7 to 9 p.m.

“The public meeting on October 27 is an opportunity for Albertans to have an in-depth conversation about the status and future of Alberta’s main long-term savings fund with those who oversee its management and investment,” said Garth Rowswell, MLA for Vermilion-Lloydminster-Wainwright and Chair of the Committee. “The Committee looks forward to engaging with people from across the province about the Fund and its relevance both now and for future generations.”

Live Question-and-Answer Session

Government officials say the meeting will include an update on the Fund’s performance by experts from Alberta Treasury Board and Finance and the Alberta Investment Management Corporation (AIMCo) and will be followed by a question-and-answer session, where Albertans can pose questions to officials and the Committee in person, via telephone at 1.888.892.3255 code 602280, through social media (Facebook and Twitter using #abheritagefund) or by email (Committee.Admin@assembly.ab.ca).

Please note the telephone number will only be active during the meeting on Thursday, October 27, 2022, from 7 to 9 p.m. An online submission form is also available on the Committee webpage at assembly.ab.ca/assembly-business/committees/HS.

Members of the public are invited to watch live on Alberta Assembly TV, online at assembly.ab.ca or via the Legislative Assembly’s social media channels. Limited seating is available to attend the meeting in person on the 2nd Floor of the Queen Elizabeth II Building at 9820 – 107 Street, Edmonton.

About the Alberta Heritage Savings Trust Fund

The Alberta Heritage Savings Trust Fund was created in 1976 with savings from Alberta’s non-renewable resources. For more than 45 years the Fund has been invested with the aim to deliver the greatest financial returns for Alberta. While the Fund is required to keep pace with inflation by retaining a portion of its net income every year, additional income earned by the Fund has been used to diversify the economy and meet current needs, say government officials. Since its inception it is said to have contributed more than $43.3 billion to support spending in areas such as health care, education, infrastructure and social programs. For more information about the Fund, including copies of its most recent quarterly and annual reports, visit Alberta Heritage Savings Trust Fund.

About the Standing Committee on the Alberta Heritage Savings Trust Fund

The Standing Committee on the Alberta Heritage Savings Trust Fund reviews the quarterly reports of the Fund, approves the Fund’s annual report and reports to the Legislative Assembly on whether the mission of the Fund is being fulfilled. The Committee is also required to hold an annual public meeting with Albertans on the Fund’s investment activities and performance. Visit assembly.ab.ca/assembly-business/committees/HS for details.