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Started By
Message
CALPERS holds expected return rate at 7.75%
Posted on 3/18/11 at 8:04 am
Posted on 3/18/11 at 8:04 am
quote:
The committee of the California Public Employees' Retirement System decided to recommend maintaining the rate at 7.75%, instead of adopting the recommendation by Calpers's chief actuary to lower the rate to 7.5%.
LINK
Lulz, wheeeeeeeeeeeeeeeeeeeee!
2
Posted on 3/18/11 at 8:20 am to coolpapaboze
It's games like this that make me glad I am not relying on a defined benefit pension for my retirement. It's a great deal if you're already retired, I suppose.
Posted on 3/18/11 at 7:23 pm to coolpapaboze
CALPERS guy appointed by pols: We need to re-asses the future.
Expert hired by CALPERs: "You should lower it, its unrealistic."
CALPERS guy appointed by pols: "Hmm, okay."
Pol who appointed CALPERS guy: "But won't people be pissed?"
Expert hired by CALPERS guy: "Probably, but at least its truthful."
Pol who appointed CALPERS guy to CALPERS guy and expert: "Truth? Is that sarcasm? ower it and lose your jobs."
Expert hired by CALPERs: "You should lower it, its unrealistic."
CALPERS guy appointed by pols: "Hmm, okay."
Pol who appointed CALPERS guy: "But won't people be pissed?"
Expert hired by CALPERS guy: "Probably, but at least its truthful."
Pol who appointed CALPERS guy to CALPERS guy and expert: "Truth? Is that sarcasm? ower it and lose your jobs."
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