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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Tenchusatsu who wrote (434178)11/10/2008 1:45:38 PM
From: Alighieri  Read Replies (1) | Respond to of 1574056
 
Doesn't exactly apply to the whole state, but CALPERS is also in big trouble.

I read an article claiming that prior to this market downturn, CALPERS was funded to 90% of its liabilities...not disastrous. The latest market decline has cost the pension fund $50B...so that's the risk of investing pension funds in the stock market i suppose.

Al



To: Tenchusatsu who wrote (434178)11/10/2008 2:03:33 PM
From: bentway  Read Replies (1) | Respond to of 1574056
 
If you wanted a good pension Ten, you could have worked for the state. A friend of mine did that in Texas, despite offers from me to triple his pay in private high tech industry. Just look at it as deferred compensation.


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