Monday, August 08, 2005

Brother, can you spare $9 million

I always get a bit nervous when people start discussing the funding of pensions. Now comes word that under-budgeting will force taxpayers to chip in $9 million to fully fund the city pension fund. Just from an amateur's perspective, it seems that a bit too much of the funding is dependent on investment gains. With the unpredictability of the stock market recently, perhaps there are better methods to funding that don't include reducing benefits.

Adam

Reality Bytes

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