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

By: Decomposed in ROUND | Recommend this post (0)
Thu, 23 Jun 11 4:22 PM | 34 view(s)
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Msg. 33586 of 45510
(This msg. is a reply to 33585 by lkorrow)
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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.

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Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months

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Re: STUDY: State, local gov'ts must raise taxes $1,400 a year for 30 years to fund pensions... By: lkorrow in ROUND Thu, 23 Jun 11 6:33 AM	Msg. 33585 of 45510
There's an interesting map and charts, lots of numbers, in a NYT story. Note the color coded dots. A $176 Billion Gap for Public Pensions Published: June 21, 2011 http://www.nytimes.com/interactive/2011/06/21/business/union-graphic.html?src=me&ref=business

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