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Ben Carlson: Thinking Outside The Box

TedTed
edited May 2018 in Fund Discussions
FYI: The legislative representative to the League of California Cities urged the CalPERS Investment Committee Monday to think “out of the box” in finding a way to exceed its 7% investment return projections, saying that cities won’t be able to pay their monthly contributions to the pension plan if returns are that low.

Dane Hutchings cited a CalPERS September 2017 report, which showed that 180 of the 449 cities and towns that participate in CalPERS had an individual funding ratio of between 60% and 70%. Sounding a warning alarm, Hutchings said a significant number of those communities could fall between the 50% and 60% funded when new CalPERS data come out in August.

I don’t even know where to begin on this one.
Regards,
Ted
http://awealthofcommonsense.com/2018/05/thinking-outside-the-box/

Comments

  • CrashCrash
    He's right. It's that simple. When you move from investing to gambling, we all know how that ends.
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