LumberJocks

Reply by Sawkerf

  • Advertise with us

Posted on California Can fix their runaway Pension Plans

View Sawkerf's profile

Sawkerf

1730 posts in 1758 days


#1 posted 06-04-2012 03:22 AM

From what I’ve heard, the underlying problem is that the pension fund managers have been making assumptions about the expected rates of return on the fund. The actual ROR has been much less than the projections and the city (i.e. taxpayers) is required to make up the difference.

-- Adversity doesn't build character...................it reveals it.


DISCLAIMER: Any posts on LJ are posted by individuals acting in their own right and do not necessarily reflect the views of LJ. LJ will not be held liable for the actions of any user.

Latest Projects | Latest Blog Entries | Latest Forum Topics

HomeRefurbers.com

Latest Projects | Latest Blog Entries | Latest Forum Topics

GardenTenders.com :: gardening showcase