Government ones definitely. They aren't managed right and are always using best case scenarios and always assume growth, and if they miss those numbers they just raid the general fund to cover the difference.
I'm not familiar with private company pensions.
Government ones definitely. They aren't managed right and are always using best case scenarios and always assume growth, and if they miss those numbers they just raid the general fund to cover the difference.
I'm not familiar with private company pensions.
California's are so badly setup the state will go bankrupt because of them but the politicians don't care as long as it doesn't affect their paycheck.
California's are so badly setup the state will go bankrupt because of them but the politicians don't care as long as it doesn't affect their paycheck.
They are also under the illusion their pensions won't be affected by bankruptcy. Can't wait for the crying that day. At the current rate, there will be one government employee for the whole state and their job will be to ensure the direct deposits go through.
Hopefully, my family and I aren't here when the bankruptcy happens.
They are also under the illusion their pensions won't be affected by bankruptcy. Can't wait for the crying that day. At the current rate, there will be one government employee for the whole state and their job will be to ensure the direct deposits go through.
Hopefully, my family and I aren't here when the bankruptcy happens.
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