Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Orange1998

That’s the government again. They talk about fairness but they’re not fair.

The value was $16.5 million but the bond market went down so now they’ll only pay out 14.3 million.

They should pay the full amount


14 posted on 12/30/2011 7:11:27 PM PST by ladyjane
[ Post Reply | Private Reply | To 1 | View Replies ]


To: ladyjane
The value was $16.5 million but the bond market went down so now they’ll only pay out 14.3 million.

The value was never $16.5 million, it was $10.75 million. It is still $10.75 million. The 16.5 million and 14.3 Million figures are based on annuities that you could purchase 1 year ago or today, values dictated by the market and nothing to do with the state.
15 posted on 12/30/2011 7:19:41 PM PST by FewsOrange
[ Post Reply | Private Reply | To 14 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson