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.

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.

No comments: