MD Pension Fund — Another View

AND NOW FOR a more global perspective on paying for pension fund obligations, here is Del. Andy Serafini of Hagerstown, who emailed me with his own, thoughtful analysis, which is more downbeat than mine. Except for editing to clarify or to make grammatical changes, the thoughts are the Republican delegate’s:

“I read with interest some of the recent posts and comments on the Maryland Pension Plan. I know that politicians have trouble with feeling that we are the subject of every comment but your statement about ‘conservatives warning of doom and gloom,’ or something along those lines got my attention.

“I have attached several pieces of information for your review that might paint a different picture. Certainly, the piece from The Economist, which would never be confused for a conservative publication, speaks volumes. That we make the top for [poorly] funded status is not encouraging.
More