Reply by Sawkerf

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Posted on California Can fix their runaway Pension Plans

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1730 posts in 3061 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.

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