Quote:
Originally Posted by Jim in CT
Scott, here in CT, the unfunded liabilities for public unionized employees is $34 billion (that's pension and healthcare benefits, I don't know how much goes to each piece). There are 3.4 million people in CT, so that works out to $10,000 for every human in the state, $50k for my soon-to-be family of 5.
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what is a little mind boggling is that they had been calculating returns at 8.25%..."before overseers yesterday cut return expectations to 7.5 percent a year from 8.25 percent"....a rate that they had never achieved in the past...
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