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Re: This $700 Billion Public Employee Ticking Time Bomb Is Only 6.7% Funded; Most States Are Under 1% 

By: Beldin in POPE IV | Recommend this post (2)
Sat, 23 Sep 17 12:06 AM | 61 view(s)
Boardmark this board | POPES NEW and Improved Real Board 		Msg. 34855 of 47202
(This msg. is a reply to 34852 by DGpeddler)
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Not the public employee plans ... they're usually defined benefit plans where the annual benefit is based on some percentage of their highest earning years. And a lot of 'em allow the employees to "retire" in their fifties. Those plans aren't planning on the employees to be dead before drawing benefits ... they're planning on the taxpayers to be dead broke.




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The above is a reply to the following message:
Re: This $700 Billion Public Employee Ticking Time Bomb Is Only 6.7% Funded; Most States Are Under 1%
By: DGpeddler in POPE IV
Fri, 22 Sep 17 11:50 PM 		Msg. 34852 of 47202


Most retirement funds are based on the
retirees being dead before they start
drawing their money.

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