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Re: “Pension tensions

The system is low in assets because as of the last valuation, the market was in recession; and because contributions were reduced or eliminated during the seeming super-fundedness of the tech bubble of a decade ago.

Professional actuaries assume 8% because that is at least what the fund has done over the fund's investment horizon, 20-30 years.

If the fund is at 58% according to the actuaries--not according to one of these right wing "think" tanks--then that is low.

The value of assets will improve at the next valuation. If at that point the system is still in trouble, use facts and not propaganda to begin a discussion regarding next steps.

Posted by OWkrender on 01/20/2011 at 11:35 AM

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