Reagan Posted November 21, 2016 Report Share Posted November 21, 2016 Oh -- BTW -- the Mayor is a Democrat! This is the hidden content, please Sign In or Sign Up Quote Link to comment Share on other sites More sharing options...
stevenash Posted November 21, 2016 Report Share Posted November 21, 2016 The pension investment return assumptions were way out of line. This began when they overpromised retirement benefits and then were forced to take excessive risk with the "hope" that the risky investments would pay off. Over extended periods, that rarely, if ever, works. Quote Link to comment Share on other sites More sharing options...
Hagar Posted November 22, 2016 Report Share Posted November 22, 2016 17 hours ago, stevenash said: The pension investment return assumptions were way out of line. This began when they overpromised retirement benefits and then were forced to take excessive risk with the "hope" that the risky investments would pay off. Over extended periods, that rarely, if ever, works. Just a quick question. The group that set this up, did they become Obama's financial advisors? Reagan 1 Quote Link to comment Share on other sites More sharing options...
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