« ROUND Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next

Re: STUDY: State, local gov'ts must raise taxes $1,400 a year for 30 years to fund pensions...

By: lkorrow in ROUND | Recommend this post (0)
Thu, 23 Jun 11 6:42 PM | 52 view(s)
Boardmark this board | De's Test Board
Msg. 33595 of 45510
(This msg. is a reply to 33586 by Decomposed)

Jump:
Jump to board:
Jump to msg. #

De, sounds like the chart reflects state govt pension funds, not private industry.




Avatar




» You can also:
- - - - -
The above is a reply to the following message:
Re: STUDY: State, local gov'ts must raise taxes $1,400 a year for 30 years to fund pensions...
By: Decomposed
in ROUND
Thu, 23 Jun 11 4:22 PM
Msg. 33586 of 45510

I'm surprised that your chart shows California as, effectively, being in the black. CalPERS is the nation's largest pension fund, and despite its claims that there's nothing to worry about, it lost its shirt in housing investments and is likely to screw over an incredible number of its members - including my brother and my mother-in-law, both of whom are getting close to retiring.

That's not to say that your chart is wrong. California has many other pension funds which might be solvent. But it did surprise me.

Uploaded Image


« ROUND Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next