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They lower it from 7.75 to 7.5%. Not good for California
1 posted on 07/17/2012 2:07:06 PM PDT by scooby321
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To: scooby321
Paging Meredith Whitney....
2 posted on 07/17/2012 2:21:55 PM PDT by taildragger (( Palin / Mulally 2012 ))
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To: scooby321

How much more will this cost me and my kids?


3 posted on 07/17/2012 2:30:04 PM PDT by NoLibZone (We must get down on our knees each day and thank God that McCain/Palin didn't win in '08. Right?)
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To: scooby321

California Black Hole Implosion Imminent...... =.=


4 posted on 07/17/2012 2:31:05 PM PDT by cranked
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To: scooby321
They lower it from 7.75 to 7.5%. Not good for California.

It's downright scandalous but that's how governments across the country do it. No private business would be permitted such pie-in-the-sky estimates. As an aside, the fund managers should be canned, too.

I mean, 1%?

6 posted on 07/17/2012 3:29:02 PM PDT by BfloGuy (The final outcome of the credit expansion is general impoverishment.)
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To: scooby321

The average CalPERS pension benefit is $2,332 per month. The average benefit for those who retired in the most recent fiscal year that ended June 30, 2011, is $3,065 per month.
More information about CalPERS is available at www.calpers.ca.gov .


7 posted on 07/17/2012 3:49:19 PM PDT by mrsmith (Dumb sluts: Lifeblood of the Media, Backbone of the Democrat Party!)
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