Comments on: Finance Department urges CalPERS to reduce risk https://calwatchdog.com/2015/10/30/finance-department-urges-calpers-to-reduce-risk/ Mon, 02 Nov 2015 04:54:15 +0000 hourly 1 By: Bill Gore https://calwatchdog.com/2015/10/30/finance-department-urges-calpers-to-reduce-risk/#comment-119143 Mon, 02 Nov 2015 04:54:15 +0000 http://calwatchdog.com/?p=84045#comment-119143 In reply to Ulysses Uhaul.

Such sarcasm. Like too short to be a CW troll. BTW-your workers comp premiums just went up. Again.

]]> By: Ulysses Uhaul https://calwatchdog.com/2015/10/30/finance-department-urges-calpers-to-reduce-risk/#comment-119117 Sat, 31 Oct 2015 07:15:13 +0000 http://calwatchdog.com/?p=84045#comment-119117 Such bitterness. Life to short for unhappiness. Move with us to your Redneck Nirvana….

We supply your first fifty moving boxes……Treat ya right!

]]> By: bob https://calwatchdog.com/2015/10/30/finance-department-urges-calpers-to-reduce-risk/#comment-119116 Sat, 31 Oct 2015 03:34:35 +0000 http://calwatchdog.com/?p=84045#comment-119116 In reply to Rex the Wonder Dog!.

No, problemo as the illegal aliens would say because as the trough feeders and liberals who infest this blog always tell us the tax suckers…taxpayers are on the hook, no matter what.

So you will just have to work harder and longer.

And vote for Cramala and all the other Demonrats or they’ll burn your house down.

http://news.bbc.co.uk/2/hi/south_asia/3687276.stm

]]> By: Rex the Wonder Dog! https://calwatchdog.com/2015/10/30/finance-department-urges-calpers-to-reduce-risk/#comment-119115 Sat, 31 Oct 2015 02:16:18 +0000 http://calwatchdog.com/?p=84045#comment-119115 CalTURDS funding level is at a dismal 74% after the biggest Bull market in US history, when the next downturn comes, in 12 months or less, it will drop to under 50% of the entire fund will slash benefits just to survive. And probably will still fail.

]]> By: Fed Up https://calwatchdog.com/2015/10/30/finance-department-urges-calpers-to-reduce-risk/#comment-119112 Fri, 30 Oct 2015 23:55:31 +0000 http://calwatchdog.com/?p=84045#comment-119112 Pigs at the trough.

]]> By: Bob Smith https://calwatchdog.com/2015/10/30/finance-department-urges-calpers-to-reduce-risk/#comment-119105 Fri, 30 Oct 2015 18:12:28 +0000 http://calwatchdog.com/?p=84045#comment-119105 Why should CalPERS care? If returns exceed expectation they keep it, if returns are less than expected the taxpayer must make up the shortfall. Either way they win.

]]> By: Bill Gore https://calwatchdog.com/2015/10/30/finance-department-urges-calpers-to-reduce-risk/#comment-119102 Fri, 30 Oct 2015 16:31:37 +0000 http://calwatchdog.com/?p=84045#comment-119102 A long time ago, in a golden land known as the United States of America, money had inherent value, and was assumed to hold its value over time. This assumption, the Time Value of Money, underlay the accounting system and the assumptions behind the funding of defined benefit pension plans. And EVERYONE enjoyed a defined benefit pension. The Time Value of Money was also the basis for the Actuarial Rate of Return, which was the risk free rate of return one could assume to get from investing in government debt, which was as good as gold….So, for parking money long term in government debt, pension funds and pensioners could assume a constant 8% return. Fast forward: soaring government debt, insane pension obligations, much longer lifespans. Taxpayers will just have to pay up forever. Sic transit gloria californiae….

]]>