Comments on: CalSTRS at risk of disaster despite 2014 bailout

By: Ted Steele, Geographer of Pain

Ted Steele, Geographer of Pain — Wed, 05 Dec 2018 23:27:50 +0000

Greg—-

How would creating new funds for the new employees help? Do you mean a lower rate payout type thing??

By: eddie007

eddie007 — Wed, 05 Dec 2018 19:03:32 +0000

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By: Gary W

Gary W — Sun, 02 Dec 2018 15:35:13 +0000

Well now that a Dictator state is well in hand, we can do anything we want. Taxes are the solutions, let the good times roll.

By: Nick Prophy

Nick Prophy — Sun, 25 Nov 2018 15:16:51 +0000

In reply to Greg Conlon.

I disagree. The state will increase taxes to fund the pensions
Sure, there will be fallout, but Democrats will continue to run state.
Heck, the legislature and governor may see it as opportunity for new programs.Califorians will bitch, moan, and vote Democratic.

By: Greg Conlon

Greg Conlon — Wed, 21 Nov 2018 07:59:26 +0000

CalPers and CalSTRS are the Elephants in the room. If today down market continues til year end neither pension plan will hit their 7% earnings return. Both funds will go under water more and bring the State broke. I ran for State Treasurer in the sole issue of starting a new defined contribution plan for new employees in both plans. I’m. Considering trying to put on ballot in 2020. If we don’t find a solution quick our bond ratings will go south and the State won’t be able to pay its bills like Illinois