Comments on: Inflation could quickly erode CalPERS pensions

By: Queeg

Queeg — Thu, 15 Aug 2013 04:26:55 +0000

You will pay….your ruled not governed due to bad policies, running laughable candidates and needy needy voters desperately in need of a safety net.

By: Ted Steele, Prosecutor

Ted Steele, Prosecutor — Thu, 15 Aug 2013 00:09:04 +0000

LOL— “if Calpers fails…” they will first have to burn through the growing 268 billion in the fund first! At almost a .09% burn delta per year minus fund improvement this will take a long time (understatement) — most of your grandchildren will be unaware of this very important blog by then………..oh my….

By: Sean Morham

Sean Morham — Wed, 14 Aug 2013 18:20:46 +0000

Not from Texas.

By: El Kabong

El Kabong — Wed, 14 Aug 2013 18:12:11 +0000

What are you talking about, S Moderation D?

By: El Kabong

El Kabong — Wed, 14 Aug 2013 18:10:04 +0000

Wayne seems to miss the impact that twenty years of 9% inflation would have on every savings account and the larger economy. That’s why there would be Volcker like policies used to squeeze the inflation out of the economy.

In the meantime, Wayne has also missed the wonderful CalPers Purchasing Power Protection Allowance (PPPA) that accompanies COLA payments. However high inflation might go, a retired member is guaranteed no less than 80% of the same purchasing power they had when they retired from service.

By: stolson

stolson — Wed, 14 Aug 2013 15:59:10 +0000

re–….If CalPers fails all you CAVERS will pay taxes to shore up hard earned pensions of faithful and productive civil servants!
That is not a fact. The times they are a changing.

By: Queeg

Queeg — Wed, 14 Aug 2013 14:33:55 +0000

Lets act professional on this tony new site format….If CalPers fails all you CAVERS will pay taxes to shore up hard earned pensions of faithful and productive civil servants!

By: S Moderation Douglas

S Moderation Douglas — Wed, 14 Aug 2013 14:31:58 +0000

CalPERS retirees have already got their big surprise, and most of them don’t realize it yet.

A state worker retiring in 2013 at full retirement age will lose more in real pension dollars due to CPI increases since 2000 than he would gain from the SB400 formulas.

By: Ted Steele, Prosecutor

Ted Steele, Prosecutor — Wed, 14 Aug 2013 04:10:04 +0000

LOL— WHAT on earth was the point of this piece? Yes inflation may come, undoubtedly, and it will hurt most people. So.

The Poodle chimes in with his usual non relevant comment and the usual suspects chime in– nothing. Zzzzzzzzzzzzzzzzzz nite nite…..

By: Rex the Wonderdog!

Rex the Wonderdog! — Tue, 13 Aug 2013 23:35:04 +0000

Well, I hope the entire pension fund collapses.