Run by all Democrats...let em fail.
Let’s define what a “shortfall” means when it comes to state pension systems. A “shortfall” is when politicians vote more and more retirement benefits to politically connected state workers and teachers’ unions without simultaneously implementing a realistic system to fund them. If the law stated that all pension increases had to be accompanied by an actuarially vetted funding plan, lawmakers would think twice about enacting them because it would mean immediate tax increases or forced employee contributions. But they don’t. They get to get away with the crime of promising benefits today and leaving the tab for the next generation.
Surf’s up!!!
Guess that’s why Steve McGarrett is still working after 48 years...
Their investments lost money in 2016? But the markets overall, as shown by Dow Jones, S & P, NASDAQ, showed healthy gains in the markets in 2016. How the heck are they investing their money? Are they paying someone to invest their funds and end up with losses??? Really????
It seems we hear this type of bad news from Democrat strongholds. Are Democrats just lousy at managing money, or taking advice from CPAs, actuaries, etc. regarding how public money including pension funds, needs to be dealt with so you don’t run out of money????
They lost 1.2% last year. That’s investment malpractice. Whoever is managing this pension fund is either incompetent, crooked, or both.
Suck it up brudda!
But on the bright side you don’t have to move anywhere when you retire.
What this really means is that there are some Retirement System Oversight teams who are probably living large and tall. Follow the damn money. There is corruption there somewhere.
Hawaii is the only state where liberals outnumber Conservatives according to Gallup polling.
aloha hawaii retirement.
d’oh!
Trouble in Paradise.
Everything Democrats run turns to sh#t.
For a small by population state like Hawaii that’s a lot.
Democrats strike again
The “public” workers in Hawaii are even more lazy and useless than most other states.
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.
How can this be? Hawaii has the highest taxes and the most generous welfare in the nation.