Question: How are retirement promises "not funded"? Don't the actuaries calculate the costs and the required contributions are set aside?
-
-
-
if you tell the public that your $200B under management is going to achieve 7% returns every year and it hasn't done that in.... like ever, this could be a compounding problem.
- 7 more replies
New conversation -
-
-
That's a generous characterization of the enormous gift Sacramento gave to lobbyist/public sector unions in 1999: https://www.latimes.com/projects/la-me-pension-crisis-davis-deal/ …
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Public pensions have much more latitude than private companies, leading to funding shortfalls of over $1T. To try to close the gap, may funds use unrealistic return assumptions and over-weight risky assets. Just wait until the next bear market... https://www.pewtrusts.org/en/research-and-analysis/issue-briefs/2018/04/the-state-pension-funding-gap-2016 …
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.