Rick
Well-Known Member
- Joined
- Jul 17, 2007
- Messages
- 1,844
No, it sounds about right:
No, it's way off.
“CalSTRS takes a long-term approach to its projections and believes long-term investment returns are the most appropriate measure of the fiscal health of the pension system and the soundness of contribution levels."
Translation: "We're in, duhhhhhh, desperate shape, but some how the stock market will bail us out, maybe ....... lesseee ..... hmmmmm ........ gosh ..... errrrrrrr ...... 30 years from now. No wait - wait 43.7 years from now - yaaaaaa that's it."