|Now some of you might remember a few months back I created a chart on my own reflecting what I felt the SBCERS pension fund value and LIABILITY should be based on my research.I start in 1989 and base my numbers on a document I found filed on Wall Street in the bond market. That document is included in this posting for your review. How do I come up with a fully over funded SBCERS pension fund that has over a BILLION DOLLARS in reserve? The pension fund obligation was formulated by starting at 225 Million and adding 8.16% percent growth per year.|
Tuesday, May 24, 2011
What is the real UAAL for our SBCERS Pension Fund? Please print my chart and lets see if you agree with me.
Posted by Magic at 1:26 AM