Must read for Californians. This 1999 leg means we have to eat more into current services to pay back retirement. http://www.latimes.com/projects/la-me-pension-crisis-davis-deal/ …
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Yep... Promise final pay pension returns that offer 8% per year's into perpetuity regardless of wider economy


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In the brighter side, chasing those returns sees pension funding flood to into VC in fixed annual allocations
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