Life is all about choices my friend. CalPers will be able to fund these retirements if the politicians are kept from meddling with it. Past legislators promised government employees enhanced retirement benefits in lieu of pay raises for decades. Most Public sector employees don’t get rich at their jobs. They trade wealth for job security and a good retirement. If you don’t like this, get a government job and/or quit electing liberals who promise anything for a vote without thinking of the consequences.

Let’s make sure all these $100K pensioners “pay their fair share” of taxes and are properly labeled as *rich* by liberals as they have private sector folks who have managed to create a modest $1M 401(k) nest egg. These pensions are worth $2.5M per participant if they retire at 60 and live 25 years. That makes these pensioners “1%’ers” in reality yet their pensions have been hidden by law makers from being counted in ones legal net worth considerations. Govt protecting insiders is a priority over all else in CA, and the US in general.

Sick of you whiners complaining behind the safety of your desk or couch. FD and PD pensions are well earned and deserved. Find something else to rant about.

John—- You’re kidding about your rhetorical actuary question—- right?

LOL– Now that brightened The Ted’s day— poor Poodle girl!

Hey– Poodle — How many times have you thrown one of your hissy-fits and quit this blog?

That’s cute John but of course he never said that. Zzzzzzzzzzzzzz

I love the comments about “doomers”. Do you put the climate change/global warming/cooling nutcases in with this?

Zzzzzzz
Poor duncey