Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (200441)	10/26/2002 10:28:36 PM
From: James F. Hopkins	Respond to of 436258

Last year there were 4 States with under funded pension funds to the tune taht exceeded their entire budget. They report about a year late, and as bad as they were last year they were still assuming a 8-1/2% to 10% growth rate in what assets they had. It will be next year before we get the real dismal reports. ---------- Here is a 30 pg report . wilshire.com Jim

To: Tommaso who wrote (200441)	10/27/2002 1:20:24 AM
From: Terry Maloney	Respond to of 436258

Tomasso, they're only guaranteed if people are willing to raise taxes when necessary, seems to me. And hardly anyone but Warren Rudman is, apparently, not even for homeland security: "The states are in dire straits and the federal government has to step in," says Mr. Rudman, a fiscally conservative Republican. "We have to do something. Give up a tax cut, pay a surcharge, something. This is a damn war we're involved in." nytimes.com

To: Tommaso who wrote (200441)	10/27/2002 9:05:22 AM
From: Mike M2	Respond to of 436258

T, I recall reading that the State of West Virginia pension funds were prohibited from owning equities until they voted to change in 1998. the prohibition was in response to the Great Depression. mike