Posted on 03/08/2021 5:32:54 AM PST by zeestephen
I wonder if we can find out what pension funds those are.
How about CALPERS - been in trouble for a long, long time. CA had the bright idea 20 years or so ago, to allow state employees to retire at 55 and reap the great benefits for the remainder of their lives. I knew several who did it and it paid off handsomely for them. Not a shred of shame and not a worry about the fund being underfunded.
“”they abstracted the data so heavily that it was nearly impossible to figure out what money was going where,””
Wouldn’t we all like to know just WHO puts these things together? As you say, impossible to uncover details.
They put those websites out there to provide transparency for the general public, but I have a feeling anyone who looked at it for quick info would have their eyes glaze over.
I downloaded the raw data and had to massage it in Excel, decipher cryptic names of things money went to, and pivot table it to death until things began falling out.
Transparency my ass.
That infection spread to Oregon.
I lived in Portland for most of the 1990s - in downtown southwest - which was the best and most enjoyable urban environment I have ever experienced.
The daughter of one of my (many) elderly neighbors retired after working 30 years in the public education system.
Her life time pension was a couple thousand dollars higher than her final year salary - she was 53 years old.
When I watch news reports about downtown Portland today, it all makes sense now.
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