tag:blogger.com,1999:blog-31586983.post850822389610365480..comments2023-11-05T03:25:19.346-05:00Comments on Salisbury News: What Ponzi Scheme? Public Pensions Average 0.6% Return In 2016 Despite 7.6% AssumptionAnonymoushttp://www.blogger.com/profile/10469687445528023080noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-31586983.post-28096493266662846652017-08-04T08:55:57.240-04:002017-08-04T08:55:57.240-04:00
Maryland still way underfunded (see the chart).
...<br />Maryland still way underfunded (see the chart).<br /><br />Contributions stolen by Democrat lawmakers to fund other projects.<br /><br />They are able to do that because the voters keep re-electing them.<br /><br />When is the stolen funding going to be replaced, Governor?Jimnoreply@blogger.comtag:blogger.com,1999:blog-31586983.post-71688491249288146902017-08-04T08:14:16.910-04:002017-08-04T08:14:16.910-04:00Leave it to the GAO to screw it up. They use an ar...Leave it to the GAO to screw it up. They use an artificial actuary expected rate of return but tell pension plans they must fund their pensions based on the GAAT rate (which is much lower, meaning companies have to put more money in for future pensioners). <br />This is the one reason so many businesses stopped offering pensions. <br />I just wish public pensions were held to the same standards.<br />Seems like a common theme these days- governments giving themselves a break while making rules the rest of us need to follow. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-31586983.post-19268817755601252242017-08-03T22:22:28.616-04:002017-08-03T22:22:28.616-04:00Well, back in 1972 when I was starting out, saving...Well, back in 1972 when I was starting out, savings interest was 6.6 %, Investing in a Union retirement for 40 years sounded great, but with varying and dropping rates back then, I opted out and went Non-Union, after all, why give up 6% of a paycheck or more for an equal or less return? <br /><br />Thanks, Steve, for being smart back then!Stevenoreply@blogger.com