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Hawaii Pension Fund Shortfall Hits $12 Billion
Honolulu Civil Beat ^ | 10 January 2017 | Nathan Eagle

Posted on 01/13/2017 10:21:24 AM PST by Lorianne

click here to read article


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To: Lorianne

Trouble in Paradise.

Everything Democrats run turns to sh#t.


21 posted on 01/13/2017 11:03:23 AM PST by exit82 (Making America Great Again begins with........me.)
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To: Moonman62

These people are victims of government well-fare. . .even though they voted for it. Hopefully a member of Trump’s leadership team can spend some time there with some of the state’s sane conservatives to help turn things around.


22 posted on 01/13/2017 11:03:58 AM PST by Maudeen (No one on this earth is too far gone for Jesus.)
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To: Moonman62

Maybe Obama can stay their permanently and they can offer immediate worship to his lies on a daily basis.


23 posted on 01/13/2017 11:31:08 AM PST by SaveFerris (Hebrews 13:2 Do not forget to entertain strangers, for ... some have unwittingly entertained angels)
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To: Lorianne

For a small by population state like Hawaii that’s a lot.


24 posted on 01/13/2017 11:34:33 AM PST by xp38
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To: Buckeye McFrog

LOL he’s certainly found some sort of fountain of youth.


25 posted on 01/13/2017 11:36:14 AM PST by xp38
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To: 4yearlurker

do you feel better now?


26 posted on 01/13/2017 11:36:18 AM PST by slickdain (Make America Wealthy Again ... STOP H-1b visas!)
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To: Oldeconomybuyer

“They lost 1.2% last year. That’s investment malpractice. Whoever is managing this pension fund is either incompetent, crooked, or both.”

There was an article in the WSJ a few months ago about the guy who runs the State of Wyoming civil service pension fund. He invests it in a portfolio of index funds, and for decades has beat every actively managed state pension fund. He runs a one-man shop, and most days he either meets with state legislators or travels around the state, giving PowerPoint shows explaining how and why he manages the fund the way he does.


27 posted on 01/13/2017 11:40:37 AM PST by riverdawg
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To: Lorianne

Democrats strike again


28 posted on 01/13/2017 11:42:30 AM PST by stocksthatgoup (Imagine that!)
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To: riverdawg

Awesome. Not surprising that WY is focused on pension performance, not politics.


29 posted on 01/13/2017 11:45:31 AM PST by Oldeconomybuyer (The problem with socialism is that you eventually run out of other people's money.)
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To: Lorianne

The “public” workers in Hawaii are even more lazy and useless than most other states.


30 posted on 01/13/2017 11:45:57 AM PST by doorgunner69
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To: Lorianne

Here in the Atlanta the recently announced
retirement of the city police chief has raised eyebrows.

This clown is going to be receiving some $250,000.00 per year.
That’s $685 per day.

Out-f’ing-rageous.
I loathe these bastards more and more each day.


31 posted on 01/13/2017 11:46:39 AM PST by Original Lurker
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To: slickdain

Yes I do Slick. I appreciate your concern.


32 posted on 01/13/2017 11:49:29 AM PST by 4yearlurker (Work hard,live free,thank God!)
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To: Dilbert San Diego

I believe it is just that they are very shallow thinkers, all about “feelings”. They keep voting in more benefits because it “feels” good and gets them re-elected, and do not have the mental capacity to consider how it will be paid.


33 posted on 01/13/2017 11:49:46 AM PST by doorgunner69
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To: Lorianne

How can this be? Hawaii has the highest taxes and the most generous welfare in the nation.


34 posted on 01/13/2017 11:53:01 AM PST by Organic Panic (Rich White Man Evicts Poor Black Family From Public Housing - MSNBCPBSCNNNYTABC)
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To: A CA Guy

Exactly, set up an account for each of the 120,000, and put in an amount based on their contributions minus a percentage of the shortfall, and “See ya around!”.


35 posted on 01/13/2017 11:58:27 AM PST by Darteaus94025 (Can't have a Liberal without a Lie)
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To: Yo-Yo

“But on the bright side you don’t have to move anywhere when you retire.”

yeah, but you very well may want to move to a state with much lower cost of living.


36 posted on 01/13/2017 12:04:43 PM PST by catnipman (Cat Nipman: Vote Republican in 2012 and only be called racist one more time!)
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To: Dilbert San Diego

How the heck are they investing their money?


Hawaii is deep, deep, blue. Maybe the pension funds are only invested in deep green non-Israeli, non-GMO funds?


37 posted on 01/13/2017 12:12:59 PM PST by marktwain
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To: Lorianne

We’re out of money and it’s all the fault of white people!


38 posted on 01/13/2017 12:15:40 PM PST by Tzimisce
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To: Lorianne

Islands.

It’s islands!

Puerto Rico is in debt up to their coconuts, too!

Somebody warn Rhode Island!


39 posted on 01/13/2017 12:23:24 PM PST by blueunicorn6 ("A crack shot and a good dancer")
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To: blueunicorn6

It’s something to do with their propensity to capsize if you put too many people on one side I think.


40 posted on 01/13/2017 12:27:59 PM PST by Lorianne
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