Misinformation spread aboput B.C. teacher pensions

Dear editor,
Mark Twain said, “If you don’t read a newspaper, you are uninformed. If you read a newspaper, you are misinformed.”

Dear editor,Mark Twain wisely said, back in the day: “If you don’t read a newspaper, you are uninformed. If you read a newspaper, you are misinformed.”That quote came back to me when I read the letter from Philip Stone in the March 14 issue of the Record. How sadly uninformed he is about the BCTF and the Teacher’s Pension Board of Trustees (TPBT).The TPBT is made up of five government appointees and five from the BCTF — the TPBT makes policy; it doesn’t micromanage. The TPBT investment policy decisions are managed by bc Investment Management Corporation (bcIMC).The BCTF, by itself, has no decision-making ability as to investments. Mr. Stone and others can check out bcIMC investment practices at www.bcimc.com/ResponsibleInvesting/Default.asp.I agree with Mr. Stone’s assessment of TimberWest and I contacted the TPBT expressing my concerns at the time of the proposed sale. He and others should do the same by visiting http://bit.ly/yEaocA or phoning 1-800-665-6770.Cliff Boldt,Courtenay