Lawless America...The Movie sets Itinerary for Filming - 672 People, 50 States, 16,508 Miles, 143 Days
Lawless America...The Movie has issued the itinerary for the filming of the movie.
672 people, 50 states and the District of Columbia, 16,508 miles by road, 143 days.
The departure date will be June 14, 2012, and the trip will end on November 3.
I will be interviewed September 11th and 12th for the MOVIE! Hard work does pay off!
See the entire itnerrary @ http://www.lawlessamerica.com/index.php?option=com_content&view=article&id=837:lawless-americathe-movie-sets-itinerary-for-filing-672-people-50-states-16508-miles-143-days&catid=133:lawless-america-the-movie&Itemid=105
City State Location Subjects Day Date Mileage @
Atlanta GA Thursday June 14, 2012 147.6
Madison GA Thursday June 14, 2012
Augusta GA Thursday June 14, 2012 68.8
Columbia SC Thursday June 14, 2012
Columbia SC Capitol 4 Friday June 15, 2012 93.5
Charlotte NC Friday June 15, 2012
Charlotte NC Saturday June 16, 2012 165.3
Concord NC Saturday June 16, 2012
Lexington NC 1 Saturday June 16, 2012
Greensboro NC 2 Saturday June 16, 2012
Burlington NC Saturday June 16, 2012
Raleigh NC Saturday June 16, 2012
Raleigh NC Capitol 3 Sunday June 17, 2012
Raleigh NC Capitol 8 Monday June 18, 2012
Raleigh NC Monday June 18, 2012 75.8
Greensboro NC Tuesday June 19, 2012 171.9
Winston-Salem NC 1 Tuesday June 19, 2012
Statesvill NC Tuesday June 19, 2012
Hickory NC Tuesday June 19, 2012
Morganton NC 1 Tuesday June 19, 2012
Asheville NC Tuesday June 19, 2012 115.4
Knoxville TN Tuesday June 19, 2012
Knoxville TN 2 Wednesday June 20, 2012 179.4
Crossville TN Wednesday June 20, 2012
Cookeville TN Wednesday June 20, 2012
Lebanon TN Wednesday June 20, 2012
Nashville TN Capitol 11 Wednesday June 20, 2012
Nashville TN Thursday June 20, 2012 133.9
Bowling Green KY Thursday June 20, 2012
Elizabethtown KY Thursday June 20, 2012 106.0
Louisville KY Thursday June 20, 2012 53.3
Frankfort KY Capitol 5 Thursday June 21, 2012 28.2
Lexington KY Thursday June 21, 2012
Lexington KY 1 Friday June 22, 2012 173.8
Morehead KY Friday June 22, 2012
Huntington WV Friday June 22, 2012
Charleston WV Capitol 1 Friday June 22, 2012
Charleston WV Saturday June 23, 2012 316.3
Richmond VA 7 Saturday June 23, 2012
Richmond VA Capitol 7 Sunday June 24, 2012
Richmond VA Monday June 25, 2012 106.3
Fredericksburg VA 1 Monday June 25, 2012
Arlington VA 3 Monday June 25, 2012 3.5
Washington DC Monday June 26, 2012
Washington DC Capitol 5 Tuesday June 26, 2012
Washington DC Capitol 5 Wednesday June 27, 2012
Washington DC Wednesday June 27, 2012 33.5
Washington DC Thursday June 28, 2012
Annapolis MD Capitol 7 Thursday June 28, 2012
Annapolis MD Friday June 29, 2012 66.9
Dover DE Capitol 1 Friday June 29, 2012 48.6
Wilmington DE Friday June 29, 2012 29.8
Philadelphia PA 3 Friday June 29, 2012 32.4
Philadelphia PA Saturday June 30, 2012
Philadelphia PA Sunday July 1, 2012
Trenton NJ Capitol 9 Monday July 2, 2012 59.8
Trenton NJ Capitol 9 Tuesday July 3, 2012
Newark NJ Tuesday July 3, 2012
New York NY Tuesday July 3, 2012
New York NY 5 Wednesday July 4, 2012
New York NY Thursday July 5, 2012 117.8
New York NY Friday July 6, 2012
New Haven CT Friday July 6, 2012
Stamford CT 1 Friday July 6, 2012
Fairfield CT Friday July 6, 2012
Bridgeport CT Friday July 6, 2012
Milford CT Friday July 6, 2012
West Haven CT Friday July 6, 2012
New Haven CT Friday July 6, 2012
North Haven CT Friday July 6, 2012
Meriden CT 1 Friday July 6, 2012
Hartford CT Capitol 9 Friday July 6, 2012
Hartford CT Saturday July 7, 2012 86.2
Cranston RI Saturday July 7, 2012
Providence RI Saturday July 7, 2012
Providence RI Sunday July 8, 2012
Providence RI Capitol 7 Sunday July 8, 2012
Providence RI Capitol Monday July 9, 2012 49.9
Boston MA Monday July 9, 2012
Boston MA Capitol 8 Tuesday July 10, 2012
Boston MA Capitol 8 Wednesday July 11, 2012
Boston MA Thursday July 12, 2012 67.5
Concord NH Capitol 7 Thursday July 12, 2012
Concord NH Friday July 13, 2012 109.7
Portland ME Friday July 13, 2012 55.9
Augusta ME Capitol 8 Friday July 13, 2012
Augusta ME Saturday July 14, 2012 194.2
Augusta ME Sunday July 15, 2012
Montpelier VT Sunday July 15, 2012 169.7
Montpelier VT Capitol 2 Monday July 16, 2012
Albany NY Monday July 16, 2012
Albany NY Capitol 8 Tuesday July 17, 2012
Albany NY Capitol 8 Wednesday July 18, 2012
Albany NY Capitol 8 Thursday July 19, 2012
Albany NY Friday July 20, 2012 296.2
Binghamton NY Friday July 20, 2012
Scranton PA 1 Friday July 20, 2012
Wilkes Barre PA Courthouse 1 Friday July 20, 2012
Wilkes Barre PA Saturday July 21, 2012
Sunbury PA Saturday July 21, 2012
Harrisburg PA Capitol 5 Saturday July 21, 2012
Harrisburg PA Capitol 8 Sunday July 22, 2012
Harrisburg PA Monday July 23, 2012 203.3
Pittsburgh PA Monday July 23, 2012 132.6
Cleveland OH Monday July 23, 2012
Cleveland OH 4 Monday July 23, 2012 141.9
Akron OH Tuesday July 24, 2012
Columbus OH Capitol 3 Tuesday July 24, 2012
Columbus OH Capitol 8 Wednesday July 25, 2012
Columbus OH Thursday July 26, 2012 203.2
Toledo OH Thursday July 26, 2012
Detroit MI 6 Thursday July 26, 2012
Detroit MI Friday July 27, 2012 90.0
Lansing MI Capitol 10 Friday July 26, 2012
Lansing MI Capitol 10 Saturday July 28, 2012
Lansing MI Capitol 11 Sunday July 29, 2012
Lansing MI Monday July 30, 2012 67.5
Grand Rapids MI 1 Monday July 30, 2012 75.1
Ft. Wayne IN Monday July 30, 2012
Wabash IN Monday July 30, 2012 79.2
Indianapolis IN Monday July 30, 2012
Indianapolis IN Capitol 7 Tuesday July 31, 2012
Indianapolis IN Wednesday July 31, 2012 243.2
Terre Haute IN Wednesday August 1, 2012
St. Louis MO 1 Wednesday August 1, 2012 97.0
Springfield IL Wednesday August 1, 2012
Springfield IL Capitol 8 Thursday August 2, 2012
Springfield IL Capitol 5 Friday August 3, 2012 201.3
Peoria IL Friday August 3, 2012
Joliet IL 1 Friday August 3, 2012
Chicago IL Friday August 3, 2012
Chicago IL 1 Saturday August 4, 2012
Chicago IL Sunday August 5, 2012 146.0
Madison WI Sunday August 5, 2012
Madison WI Capitol 5 Monday August 6, 2012 259.7
Eau Claire WI Monday August 6, 2012
St. Paul MN Monday August 6, 2012
St. Paul MN Capitol 8 Tuesday August 7, 2012
St. Paul MN Capitol 8 Wednesday August 8, 2012
St. Paul MN Thursday August 9, 2012 9.7
Minneapolis MN 2 Thursday August 9, 2012 138.5
Mason City IA Thursday August 9, 2012 91.6
Ames IA Thursday August 9, 2012 34.4
Des Moines IA Thursday August 9, 2012
Des Moines IA Capitol 4 Friday August 10, 2012 189.6
Lincoln NE Capitol 4 Friday August 10, 2012
Lincoln NE Saturday August 11, 2012 58.3
Omaha NE Saturday August 11, 2012 97.8
Sioux City IA Saturday August 11, 2012 84.9
Sioux Falls SD Saturday August 11, 2012 126.5
Huron SD Saturday August 11, 2012 115.8
Pierre SD Saturday August 11, 2012
Pierre SD Sunday August 12, 2012
Pierre SD Capitol 4 Monday August 13, 2012 209.8
Bismarck ND Monday August 13, 2012
Bismarck ND Capitol 4 Tuesday August 14, 2012 270.9
Glendive ND Tuesday August 14, 2012
Miles City MT Tuesday August 14, 2012
Miles City MT Wednesday August 15, 2012 414.5
Billings MT Wednesday August 15, 2012 218.5
Helena MT Capitol 6 Thursday August 16, 2012
Helena MT Thursday August 16, 2012 65.8
Butte MT Thursday August 16, 2012
Idaho Falls ID Thursday August 17, 2012
Idaho Falls ID Friday August 17, 2012 254.9
Boise ID Friday August 17, 2012
Boise ID Capitol 3 Friday August 17, 2012
Boise ID Saturday August 18, 2012
Boise ID Sunday August 19, 2012
Boise ID Monday August 20, 2012 270.4
Pocatello ID Monday August 20, 2012
Lewiston ID Monday August 20, 2012 31.7
Moscow ID Monday August 20, 2012
Pullman WA Monday August 20, 2012 75.0
Spokane WA Monday August 20, 2012
Spokane WA 1 Tuesday August 21, 2012 278.8
Wenatchee WA Tuesday August 21, 2012
Seattle WA Tuesday August 21, 2012
Seattle WA Wednesday August 22, 2012
Anchorage AK Wednesday August 22, 2012
Anchorage AK Capitol 7 Thursday August 23, 2012
Anchorage AK Friday August 24, 2012
Seattle WA Friday August 24, 2012
Seattle WA 4 Saturday August 25, 2012
Seattle WA
Sunday August 26, 2012 59.9
Tacoma WA 1 Sunday August 27, 2012
Olympia WA Sunday August 27, 2012
Olympia WA Capitol 6 Monday August 27, 2012
Olympia WA Capitol 7 Tuesday August 28, 2012
Olympia WA Wednesday August 29, 2012 105.0
Longview WA Wednesday August 29, 2012
Vancouver WA Wednesday August 29, 2012 9.5
Portland OR 3 Wednesday August 29, 2012 46.1
Salem OR Wednesday August 29, 2012
Salem OR Capitol 8 Thursday August 30, 2012
Salem OR Capitol 8 Friday August 31, 2012
Salem OR Saturday September 1, 2012 228.6
Eugene OR Saturday September 1, 2012
Medford OR Saturday September 1, 2012 147.8
Weed CA Saturday September 1, 2012
Redding CA Saturday September 1, 2012
Redding CA Sunday September 2, 2012 72.3
Red Bluff CA Sunday September 2, 2012
Chico CA Sunday September 2, 2012 162.7
Reno NV Sunday September 2, 2012
Reno NV Monday September 3, 2012 131.5
Reno NV Capitol 2 Tuesday September 4, 2012
Sacramento CA Capitol 9 Tuesday September 4, 2012
Sacramento CA Capitol 10 Wednesday September 5, 2012
Sacramento CA Capitol 10 Thursday September 6, 2012
Sacramento CA Capitol 10 Friday September 7, 2012
Sacramento CA Capitol 10 Saturday September 8, 2012
Sacramento CA Sunday September 9, 2012 80.8
Oakland CA 1 Sunday September 9, 2012 11.4
San Francisco CA Sunday September 9, 2012
San Francisco CA Monday September 10, 2012
San Francisco CA 3 Tuesday September 11, 2012 48.4
San Quentin CA 1 Tuesday September 11, 2012
Santa Clara CA 1 Tuesday September 11, 2012
San Jose CA Tuesday September 11, 2012 151.1
Fresno CA Tuesday September 11, 2012 43.5
Visalia CA Tuesday September 11, 2012 74.9
Santa Barbara CA Tuesday September 11, 2012
Santa Barbara CA 2 Wednesday September 12, 2012 110.8
Los Angeles CA Wednesday September 13, 2012
Los Angeles CA 6 Thursday September 13, 2012
Los Angeles CA Friday September 14, 2012 26.1
Hollywood CA 1 Friday September 14, 2012
Beverly Hills CA 1 Friday September 14, 2012
Santa Monica CA 2 Friday September 14, 2012
Long Beach CA 1 Friday September 14, 2012
Anaheim CA 1 Friday September 14, 2012
Anaheim CA Saturday September 15, 2012 95.3
Escondido CA 1 Saturday September 15, 2012
San Diego CA 1 Saturday September 15, 2012
San Diego CA Sunday September 16, 2012 406.9
Yuma AZ Sunday September 16, 2012
Tucson AZ Sunday September 16, 2012
Tucson AZ 2 Monday September 17, 2012 114.8
Scottsdale AZ Monday September 17, 2012 12.1
Phoenix AZ Monday September 17, 2012
Phoenix AZ Capitol 9 Tuesday September 18, 2012
Phoenix AZ Wednesday September 18, 2012 144.0
Flagstaff AZ 3 Wednesday September 19, 2012 248.7
Kingman AZ Wednesday September 19, 2012
Las Vegas NV Wednesday September 19, 2012
Las Vegas NV 4 Thursday September 20, 2012
Las Vegas NV Friday September 21, 2012
Las Vegas NV Saturday September 22, 2012 169.7
St. George UT Saturday September 22, 2012
Cedar City UT Saturday September 22, 2012 208.6
Provo UT Saturday September 22, 2012 43.9
Salt Lake City UT Saturday September 22, 2012
Salt Lake City UT Capitol 8 Sunday September 23, 2012
Salt Lake City UT Capitol Monday September 24, 2012 180.9
Rock Springs WY Monday September 24, 2012 210.5
Rawlins WY Monday September 24, 2012
Laramie WY Monday September 24, 2012 50.5
Cheyenne WY Capitol 1 Monday September 24, 2012 45.5
Fort Collins CO Monday September 24, 2012 54.1
Loveland CO Monday September 24, 2012
Longmont CO Monday September 24, 2012
Boulder CO Monday September 24, 2012 29.8
Denver CO Monday September 24, 2012
Denver CO Capitol 11 Tuesday September 25, 2012 70.4
Englewood CO Tuesday September 25, 2012
Colorado Springs CO Tuesday September 25, 2012
Colorado Springs CO 10 Wednesday September 26, 2012 43.0
Colorado Springs CO Wednesday September 26, 2012
Pueblo CO Thursday September 27, 2012 281.4
Trinidad CO Thursday September 27, 2012
Springer NM Thursday September 27, 2012
Santa Fe NM Thursday September 27, 2012
Santa Fe NM Capitol 7 Friday September 28, 2012 63.3
Albuquerque NM Friday September 28, 2012 200.4
Roswell NM Friday September 28, 2012
Roswell NM 1 Saturday September 29, 2012 201.0
Artesia NM Saturday September 29, 2012
Carlsbad NM Saturday September 29, 2012
Odessa TX Saturday September 29, 2012 337.0
San Angelo TX Saturday September 29, 2012
Brady TX Sunday September 30, 2012
Austin TX Sunday September 30, 2012
Austin TX Capitol 9 Monday October 1, 2012
Austin TX Capitol 9 Tuesday October 2, 2012
Austin TX Capitol 9 Wednesday October 3, 2012
Austin TX Capitol Thursday October 4, 2012 67.6
Temple TX Thursday October 4, 2012 37.7
Waco TX Thursday October 4, 2012 120.6
Dallas TX Thursday October 4, 2012
Dallas TX 8 Friday October 5, 2012
Dallas TX 2 Saturday October 6, 2012
Dallas TX Sunday October 7, 2012
Dallas TX Monday October 8, 2012 206.6
Oklahoma City OK Capitol 3 Monday October 8, 2012
Oklahoma City OK Monday October 8, 2012
Oklahoma City OK Tuesday October 9, 2012 105.6
Tulsa OK Tuesday October 9, 2012 132.1
Winfield KS Tuesday October 9, 2012 50.3
Wichita KS 3 Tuesday October 9, 2012
Wichita KS Tuesday October 9, 2012 139.6
Topeka KS Capitol 1 Wednesday October 10, 2012 63.0
Kansas City MO Wednesday October 10, 2012 157.4
Jefferson City MO 4 Wednesday October 10, 2012
Jefferson City MO Capitol 2 Thursday October 11, 2012 342.3
Springfield MO Thursday October 11, 2012
Little Rock AR Thursday October 11, 2012
Little Rock AR Capitol 5 Friday October 12, 2012 263.7
Pine Bluff AR Friday October 12, 2012
Tallulah MS Friday October 12, 2012
Vicksburg MS Friday October 12, 2012
Jackson MS Friday October 12, 2012
Crystal Springs MS Friday October 12, 2012
Hazelhurst MS Friday October 12, 2012
Brookhaven MS Friday October 12, 2012
McComb MS Friday October 12, 2012
Hammond LA Friday October 12, 2012
New Orleans LA Friday October 12, 2012
New Orleans LA 1 Saturday October 13, 2012
New Orleans LA Sunday October 14, 2012
New Orleans LA Monday October 15, 2012 80.4
Metairie LA Monday October 15, 2012
Baton Rouge LA Capitol 4 Monday October 15, 2012
Baton Rouge LA Tuesday October 16, 2012 174.2
Hammond LA Tuesday October 16, 2012
McComb MS Tuesday October 16, 2012
Brookhaven MS Tuesday October 16, 2012
Hazelhurst MS Tuesday October 16, 2012
Crystal Springs MS Tuesday October 16, 2012
Jackson MS Tuesday October 16, 2012
Jackson MS Capitol 2 Tuesday October 16, 2012 185.0
Hattiesburg MS Wednesday October 15, 2012
Mobile AL Wednesday October 15, 2012
Mobile AL 4 Thursday October 18, 2012 169.5
Montgomery AL Thursday October 18, 2012
Montgomery AL Capitol 7 Friday October 19, 2012
Montgomery AL Capitol 8 Friday October 19, 2012
Montgomery AL Saturday October 20, 2012 188.1
Dothan AL Saturday October 20, 2012
Panama City FL Saturday October 20, 2012
Panama City FL Sunday October 21, 2012 102.9
Tallahassee FL 8 Sunday October 21, 2012
Tallahassee FL Capitol 10 Monday October 22, 2012
Tallahassee FL Capitol 10 Tuesday October 23, 2012
Tallahassee FL Capitol 10 Wednesday October 24, 2012
Tallahassee FL Thursday October 25, 2012 149.1
Gainesville FL 1 Thursday October 25, 2012 130.1
Tampa FL Thursday October 25, 2012
Tampa FL 6 Friday October 26, 2012 84.4
Orlando FL Friday October 26, 2012
Orlando FL 4 Saturday October 27, 2012
Orlando FL Sunday October 28, 2012 53.7
Daytona Beach FL 1 Monday October 29, 2012 92.9
St. Augustine FL Monday October 29, 2012
Jacksonville FL Monday October 29, 2012 270.7
Valdosta GA Monday October 29, 2012
Tilton GA Monday October 29, 2012
Macon GA Monday October 29, 2012 83.8
Atlanta GA Monday October 29, 2012 0.0
Atlanta GA Capitol 25 Tuesday October 30, 2012 0.0
Atlanta GA Capitol 26 Wednesday October 31, 2012 0.0
Honolulu HI Thursday November 1, 2012
Honolulu HI Capitol 2 Friday November 2, 2012
Honolulu HI Saturday November 3, 2012
Atlanta GA Saturday November 3, 2012 0.0
672 16508.0
S.B.C.C.C. The place where COMMON SENSE never goes out of style!
Friday, April 20, 2012
Tuesday, April 10, 2012
The magic of compound interest is why someone retroactively changed ten years worth of SBCERS Pension data. I have the documents to prove that statement!
I really hope yesterday's posting about the "Magic" of compound interest not only caught your eye but finally opened them as well. Now I did make one mistake when it came to the compounding factor with yesterdays examples and I have corrected that for today's posting. I am well aware that what I am presenting here is extremely elementary but I think that growth pattern visuals that we get from my mathematical calculations get the idea across just fine. Today's posting is very short from the aspect of me sharing my view on the 10.10% number. However today's posting is HUGE and LOADED with web locations of numerous pension reports and data, that I am just sharing with you all.
New compound interest examples;
Starting balance of $10,000.00 a monthly contribution of $100.00 at an interest rate of (20 year assumption rate used by Santa Barbara County)8.10% compounded Semiannually for 20 years = Final Savings Balance: $112,793.72
Starting balance of $10,000.00 a monthly contribution of $100.00 at an interest rate of 10.10% compounded Semiannually for 20 years
Final Savings Balance: $158,154.31
The point of this example is to show just how much of an impact a 2% can be, in this case around 29.00% of additional earnings. Please keep in mind that the 8.10% depending on our starting pension funding level could keep the fund solvent. So am I correct in thinking that our elected County officials think the 10.10% returns should be considered a failure? We will get back to this later.
Now as I have mentioned many times before Santa Barbara County has been over contributing to the tune of 55.00% above the normal contribution rate for the same 20 year period that it has been earning the 10.10% returns on assets. So again I apologize for my simplistic view but I added an additional 55.00$ to the contribution column and then reran the same calculations as above, the results might shock you?.
Starting balance of $10,000.00 a monthly contribution of $155.00 at an interest rate of 8.10% compounded Semiannually for 20 years
= Final Savings Balance: $146,273.67 vs the return of 112,793.72 with just the 100.00 contribution
Starting balance of $10,000.00 a monthly contribution of $155.00 at an interest rate of 10.10% compounded Semiannually for 20 years
= Final Savings Balance: $201,894.74 vs the return of 158,154.31 with just a 100.00 monthly contribution.
Now only just recently did I really start concentrating on the impact a 10.10% return on assets for 20 years would have on our SBCERS pension funds total value. And to be honest the more I think about that number the more I am puzzled as to why our elected county officials have been down playing or hiding this data from us all. However last June I did question why the leaders of our S.B.C.E.R.S. would require and produce 5 different valuations and audits to give us the great news about the 10.10% in June of 2007? Well that's not quite true, you see in none of these reports does anyone attempt to share with us the huge benefits and additional earnings that the 10.10% returns produced. I wonder if they were just having a hard time counting all that MONEY? I am also confused about 2006 and all the fuse there as well, like the Mercer reports. Now let's be honest here I thought it would be allot harder to find TWO BILLION DOLLARS but honestly we all ready have! You have to remember I can also produce county documents that say we started at 100% funded until someone in 1996/97 retroactively changed ten years worth of data. I mean they literally went back and devalued our SBCERS pension for ten years ending in 1986 and I can prove it!
http://magicinsantabarbara.wordpress.com/2011/06/15/how-many-different-reports-and-valuations-can-we-have-for-our-2007-sbcers-pension-fund/
How many different reports and Valuations can we have for our 2007 SBCERS Pension Fund Value?
Posted on June 15, 2011 by magicinsantabarbara
2007 Experience Study Review EFI Click here to open pdf file
2007 Investigation of Experience Study Revised 01/2008 Click here to open pdf file
2007 SBCERS Valuation Addendum (Milliman)
2007 SBCERS Actuarial Valuation
2007 SBCERS CAFR
2007 Actuarial Valuation Revised Sept 2008
I am trying to provide as much information as possible to the public in hopes that others might do their own research. Below is one just example of the kind of data made available by me and posted on my blow.
http://santabarbaracriminalcourtcorruption.blogspot.com/2011/07/california-public-retirement-systems.html
Saturday, July 2, 2011
California Public Retirement Systems Annual Audit Reports 2007-08 – 1997-98. Also Past Fund Values from 1996-97 – 1978-79 for 5 California County Pensions; Los Angeles(LACERA), Santa Barbara(SBCERS) Ventura(VCERA), Kern(KCERA), and Contra Costa(CCCERS) County
Please click on any orange highlight and that PDF file will open for your review.
California Public Pension Funds Yearly Audits from the Office of the California State Controller. Pubic Pension Reports County by County and City by City @
http://www.sco.ca.gov/ard_locrep_retirement.html
California Public Retirement Systems Annual Reports
Fiscal Year 2007-08
Fiscal Year 2006-07
Fiscal Year 2005-06
Fiscal Year 2004-05
Fiscal Year 2003-04
Fiscal Year 2002-03
Fiscal Year 2001-02
Fiscal Year 2000-01
Fiscal Year 1999-00
Fiscal Year 1998-99
Fiscal Year 1997-98
Fiscal Year 1996-97 (Summary)
Please Keep in Mind that 19 additional years of Audits are available through the California State Controllers office upon request.
Recently I did make such a request for the following 5 California County Pension Funds ; Los Angeles, Santa Barbara, Contra Costa, Kern and Ventura. I have now uploaded these archived pension files dating from 1996-97 back to 1978-79 and made them available for everyone to review here on my blog.
LACERA, SBCERS, CCCERS, KCERA, VCERA
1996-97 Fund Values for 5 California County Public Pensions; Los Angeles(LACERA), Santa Barbara(SBCERS) Ventura(VCERA), Kern(KCERA), and Contra Costa(CCCERS) County
1995-96
1994-95
1993-94
1992-93
1991-92
1990-91
1989-90
1988-89
1987-88
1986-87
1985-86
1984-85
1983-84
1982-83
1981-82
1980-81
1979-80
1978-79
It may be easier to use my other blog posting to click and open each year pdf file.@ http://magicinsantabarbara.wordpress.com/2011/07/02/california-public-retirement-systems-annual-audit-reports-2007-08-1997-98-also-past-fund-values-from-1996-97-1978-79-for-5-california-county-pensions-los-angeleslacera-santa-barbarasbcers/
To Order Publications
[Copying and mailing charges may apply]
By E-mail: Please complete the E-mail Inquiry Form.
By Regular Mail:
For State and Local Government Annual Financial Reports:
Office of State Controller John Chiang
Division of Accounting and Reporting
P.O. Box 942850
Sacramento, CA 94250
For Annual Audit Reports or Audit Guides:
Office of State Controller John Chiang
Division of Audits
http://sbcers-trustee.com/Documents/2011-12-14-013c-BOR-2011CAFR.pdf
SBCERS COMPREHENSIVE ANNUAL FINANCIAL REPORT
Fiscal Year Ended June 30, 2011
http://sbcers-trustee.com/Documents/2011-10-26-002b-BOR-ActuarialValuationJune30,2011.pdf
Santa Barbara County Employees’ Retirement System
ACTUARIAL VALUATION June 30, 2011
http://www.sbcgj.org/2011/PostEmployBenefits.pdf
Santa Barbara County Grand Jury report Post Employment Benefits
Complicated and Costly
http://www.sbcgj.org/2011/responses/PostEmployBenefits-CSFD.pdf
The following is our response to the Santa Barbara County Grand Jury report of June, 2011 titled
"Local Government Post Employment Benefits in Santa Barbara County - Complicated
and Costly."
http://www.countyofsb.org/uploadedFiles/sbcers/2010%20Valuation.pdf
Santa Barbara County Employees’ Retirement System
ACTUARIAL VALUATION June 30, 2010
http://sbcers-trustee.com/Documents/2011-04-27-013c-BOR-SBCERSCAFR6-30-2010.pdf
SBCERS COMPREHENSIVE ANNUAL FINANCIAL REPORT
Fiscal Year Ended June 30, 2010
http://sbcers-trustee.com/Documents/2011-03-23-003c-Actuarial-Valuation-of-OPEB.pdf
Santa Barbara County Employees’ Retirement System
Actuarial Valuation of Post Employment Benefits Other than Pensions
as of June 30, 2010
http://sbcers-trustee.com/Documents/20100428-012a-BOR-ActuarialAudit.pdf
That the Board: Authorize staff to issue a Request for Proposal for actuarial audit services in conjunction with Milliman’s upcoming Investigation of Experience and Actuarial Valuation for the period ending 6/30/10.
http://sbcers-trustee.com/Documents/20101004-002a-BOR-EconomicAssumptionsTransmittal.pdf
Receive preliminary report and presentation from Milliman, the System’s Actuary,
regarding their findings on economic assumptions (part of the Investigation of Experience from July 1, 2007, through June 30, 2010), and consider modifications to the economic actuarial assumptions.
http://sbcers-trustee.com/Documents/20101215-002b-InvestigationOfExperienceFY%27s%2707-%2710.pdf
Santa Barbara County Employees’ Retirement System
2010 INVESTIGATION OF EXPERIENCE
For the period July 1, 2007 to June 30, 2010
http://sbcers-trustee.com/Documents/2010-02-24-RRubalcavaPublicCommentHandout.pdf
Response to 2009 selection of alternative 2 as it pertains to the UAAL balance.
http://sbcers-trustee.com/Documents/20101004-002d-BOR-InvestigationOfExperienceEconomicAssumptionsPresentation-Milliman.pdf
SBCERS Board Meeting
October 4, 2010 Presentation
Investigation of Experience Economic Assumptions
http://www.countyofsb.org/uploadedFiles/sbcers/ActuarialValuation20090630.pdf
Santa Barbara County Employees’ Retirement System
ACTUARIAL VALUATION June 30, 2009
http://www.sbcgj.org/2009/responses/SBCERS-update.pdf
SBCERS 2009 response to the SBCGJ. Also past pension values for other California County Pensions
http://sbcers-trustee.com/Documents/2010-03-24-010-BOR-OPEBValuation.pdf
Santa Barbara County Employees’Retirement System
Actuarial Valuation of Post Employment Benefits Other than Pensions as of June 30, 2009
http://sbcers-trustee.com/Documents/2010-06-23-017-BOR-CAFR20092FINAL.pdf
SBCERS COMPREHENSIVE ANNUAL FINANCIAL REPORT
Fiscal Year Ended June 30, 2009
http://sbcers-trustee.com/Documents/20101004-002b-BOR-EconomicAssumptionsHistory.pdf
SBCERS HISTORY OF ECONOMIC ASSUMPTIONS
1981-2009
http://sbcers-trustee.com/Documents/20090624-012-BOR-GrandJuryReport.pdf
Santa Barbara County Grand jury report 2009
http://sbcers-trustee.com/Documents/010%20-%20BOR%20-%20Actuarial%20Valuation.pdf
Santa Barbara County Employees’ Retirement System
ACTUARIAL VALUATION
June 30, 2008
http://www.countyofsb.org/uploadedFiles/sbcers/SBCERS%20CAFR%202008%282%29.pdf
SBCERS COMPREHENSIVE ANNUAL FINANCIAL REPORT
Fiscal Year Ended June 30, 2007
http://www.countyofsb.org/sbcers/fnp/sbcersCAFR2007.pdf
SBCERS COMPREHENSIVE ANNUAL FINANCIAL REPORT
Fiscal Year Ended June 30, 2007
http://www.countyofsb.org/sbcers/fnp/2007FinalValuation.pdf
Santa Barbara County Employees’ Retirement System
ACTUARIAL VALUATION June 30, 2007
http://magicinsantabarbara.files.wordpress.com/2011/06/2007-actuarial-valuation.pdf
Santa Barbara County Employees’ Retirement System
ACTUARIAL VALUATION June 30, 2007
http://www.countyofsb.org/sbcers/fnp/2007ExperienceStudyRevised.pdf
Santa Barbara County Employees’ Retirement System
2007 INVESTIGATION OF EXPERIENCE
For the period July 1, 2003 to June 30, 2007
Revised January 2008
http://www.countyofsb.org/sbcers/fnp/2007ValuationAddendum.pdf
Addendum to the June 30,2007 Actuarial Valuation of the Santa Barbara County Employees’ Retirement System (SBCERS), presented at the February 27, 2008 Board Meeting.
http://magicinsantabarbara.files.wordpress.com/2011/06/2007-experience-study-review.pdfSBCERS REVIEW OF ACTUARIAL EXPERIENCE STUDY
DECEMBER 19, 2007
BOB MCCRORY& GRAHAM SCHMIDTEFI ACTUARIES
http://www.countyofsb.org/uploadedFiles/SBC/RPAAC/2006%20Evaluation%20of%20Retirement%20System.pdf
Mercer SBCERS Retirement System Evaluation November 7th 2006
http://www.countyofsb.org/auditor/publications/RetirementSystemEvaluationFinal.pdf
Mercer SBCERS Retirement System Evaluation Part 2
http://www.countyofsb.org/sbcers/fnp/sbcersCAFR2006.pdf
SBCERS Comprehensive Annual Financial Report for the Fiscal Year Ended June 30, 2006
http://www.countyofsb.org/uploadedFiles/SBC/RPAAC/2006%20Actuarial%20Valuation.pdf
Santa Barbara County Employees’ Retirement System
2010 INVESTIGATION OF EXPERIENCE For the period July 01 2003 to June 30, 2006
http://magicinsantabarbara.wordpress.com/2011/06/15/county-of-santa-barbara-office-of-the-auditor-controller-county-retirement-cost-white-paper-by-robert-geis-c-p-a/
County of Santa Barbara Office of the Auditor Controller County Retirement (SBCERS) Cost “White Paper” by Robert Geis C.P.A. 2006
http://www.countyofsb.org/uploadedFiles/SBC/RPAAC/2005%20Actuarial%20Valuation%20.pdf
Santa Barbara County Employees’ Retirement System
ACTUARIAL VALUATION June 30th 2005
http://www.countyofsb.org/sbcers/fnp/sbcers%20CAFR%202005.pdf
SBCERS Comprehensive Annual Financial Report For the Fiscal Year Ended June 30, 2005
http://www.countyofsb.org/uploadedFiles/SBC/RPAAC/2004%20Actuarial%20Valuation.pdf
Santa Barbara County Employees’ Retirement System
ACTUARIAL VALUATION June 30th 2004
http://www.countyofsb.org/sbcers/fnp/sbcers%20CAFR%202004.pdf
SBCERS Comprehensive Annual Financial Report For the Fiscal Year Ended June 30, 2004
http://www.countyofsb.org/uploadedFiles/SBC/RPAAC/2003%20Actuarial%20Valuation.pdf
Santa Barbara County Employees’Retirement System
ACTUARIAL VALUATION
June 30th 2003
http://www.countyofsb.org/uploadedFiles/SBC/RPAAC/2003%20Experience%20Studyv2.pdf
Santa Barbara County Employees’ Retirement System
2010 INVESTIGATION OF EXPERIENCE
For the period January 31st, 2001 to June 30, 2003
http://www.countyofsb.org/sbcers/fnp/sbcers2003.pdf
SBCERS Comprehensive Annual Financial Report For the Fiscal Year Ended June 30, 2003
http://www.countyofsb.org/uploadedFiles/SBC/RPAAC/2002%20Actuarial%20Valuation.pdf
Santa Barbara County Employees’Retirement System
ACTUARIAL VALUATION
December 31st 2002
http://www.countyofsb.org/sbcers/fnp/sbcers2002.pdf
SBCERS Comprehensive Annual Financial Report For the Fiscal Year Ended June 30, 2002
http://www.countyofsb.org/uploadedFiles/SBC/RPAAC/2001%20SBCERS%20CAFR.pdf
SBCERS Comprehensive Annual Financial Report For the Fiscal Year Ended June 30, 2001
http://www.countyofsb.org/uploadedFiles/SBC/RPAAC/2000%20Actuarial%20Valuation.pdf
Santa Barbara County Employees’Retirement System
ACTUARIAL VALUATION
December 31st 2000
http://www.countyofsb.org/uploadedFiles/SBC/RPAAC/2000%20SBCERS%20CAFR.pdf
SBCERS Comprehensive Annual Financial Report For the Fiscal Year Ended June 30, 2000
S.B.C.C.C. Thee place where COMMON SENSE never goes out of style!
New compound interest examples;
Starting balance of $10,000.00 a monthly contribution of $100.00 at an interest rate of (20 year assumption rate used by Santa Barbara County)8.10% compounded Semiannually for 20 years = Final Savings Balance: $112,793.72
Starting balance of $10,000.00 a monthly contribution of $100.00 at an interest rate of 10.10% compounded Semiannually for 20 years
Final Savings Balance: $158,154.31
The point of this example is to show just how much of an impact a 2% can be, in this case around 29.00% of additional earnings. Please keep in mind that the 8.10% depending on our starting pension funding level could keep the fund solvent. So am I correct in thinking that our elected County officials think the 10.10% returns should be considered a failure? We will get back to this later.
Now as I have mentioned many times before Santa Barbara County has been over contributing to the tune of 55.00% above the normal contribution rate for the same 20 year period that it has been earning the 10.10% returns on assets. So again I apologize for my simplistic view but I added an additional 55.00$ to the contribution column and then reran the same calculations as above, the results might shock you?.
Starting balance of $10,000.00 a monthly contribution of $155.00 at an interest rate of 8.10% compounded Semiannually for 20 years
= Final Savings Balance: $146,273.67 vs the return of 112,793.72 with just the 100.00 contribution
Starting balance of $10,000.00 a monthly contribution of $155.00 at an interest rate of 10.10% compounded Semiannually for 20 years
= Final Savings Balance: $201,894.74 vs the return of 158,154.31 with just a 100.00 monthly contribution.
Now only just recently did I really start concentrating on the impact a 10.10% return on assets for 20 years would have on our SBCERS pension funds total value. And to be honest the more I think about that number the more I am puzzled as to why our elected county officials have been down playing or hiding this data from us all. However last June I did question why the leaders of our S.B.C.E.R.S. would require and produce 5 different valuations and audits to give us the great news about the 10.10% in June of 2007? Well that's not quite true, you see in none of these reports does anyone attempt to share with us the huge benefits and additional earnings that the 10.10% returns produced. I wonder if they were just having a hard time counting all that MONEY? I am also confused about 2006 and all the fuse there as well, like the Mercer reports. Now let's be honest here I thought it would be allot harder to find TWO BILLION DOLLARS but honestly we all ready have! You have to remember I can also produce county documents that say we started at 100% funded until someone in 1996/97 retroactively changed ten years worth of data. I mean they literally went back and devalued our SBCERS pension for ten years ending in 1986 and I can prove it!
http://magicinsantabarbara.wordpress.com/2011/06/15/how-many-different-reports-and-valuations-can-we-have-for-our-2007-sbcers-pension-fund/
How many different reports and Valuations can we have for our 2007 SBCERS Pension Fund Value?
Posted on June 15, 2011 by magicinsantabarbara
2007 Experience Study Review EFI Click here to open pdf file
2007 Investigation of Experience Study Revised 01/2008 Click here to open pdf file
2007 SBCERS Valuation Addendum (Milliman)
2007 SBCERS Actuarial Valuation
2007 SBCERS CAFR
2007 Actuarial Valuation Revised Sept 2008
I am trying to provide as much information as possible to the public in hopes that others might do their own research. Below is one just example of the kind of data made available by me and posted on my blow.
http://santabarbaracriminalcourtcorruption.blogspot.com/2011/07/california-public-retirement-systems.html
Saturday, July 2, 2011
California Public Retirement Systems Annual Audit Reports 2007-08 – 1997-98. Also Past Fund Values from 1996-97 – 1978-79 for 5 California County Pensions; Los Angeles(LACERA), Santa Barbara(SBCERS) Ventura(VCERA), Kern(KCERA), and Contra Costa(CCCERS) County
Please click on any orange highlight and that PDF file will open for your review.
California Public Pension Funds Yearly Audits from the Office of the California State Controller. Pubic Pension Reports County by County and City by City @
http://www.sco.ca.gov/ard_locrep_retirement.html
California Public Retirement Systems Annual Reports
Fiscal Year 2007-08
Fiscal Year 2006-07
Fiscal Year 2005-06
Fiscal Year 2004-05
Fiscal Year 2003-04
Fiscal Year 2002-03
Fiscal Year 2001-02
Fiscal Year 2000-01
Fiscal Year 1999-00
Fiscal Year 1998-99
Fiscal Year 1997-98
Fiscal Year 1996-97 (Summary)
Please Keep in Mind that 19 additional years of Audits are available through the California State Controllers office upon request.
Recently I did make such a request for the following 5 California County Pension Funds ; Los Angeles, Santa Barbara, Contra Costa, Kern and Ventura. I have now uploaded these archived pension files dating from 1996-97 back to 1978-79 and made them available for everyone to review here on my blog.
LACERA, SBCERS, CCCERS, KCERA, VCERA
1996-97 Fund Values for 5 California County Public Pensions; Los Angeles(LACERA), Santa Barbara(SBCERS) Ventura(VCERA), Kern(KCERA), and Contra Costa(CCCERS) County
1995-96
1994-95
1993-94
1992-93
1991-92
1990-91
1989-90
1988-89
1987-88
1986-87
1985-86
1984-85
1983-84
1982-83
1981-82
1980-81
1979-80
1978-79
It may be easier to use my other blog posting to click and open each year pdf file.@ http://magicinsantabarbara.wordpress.com/2011/07/02/california-public-retirement-systems-annual-audit-reports-2007-08-1997-98-also-past-fund-values-from-1996-97-1978-79-for-5-california-county-pensions-los-angeleslacera-santa-barbarasbcers/
To Order Publications
[Copying and mailing charges may apply]
By E-mail: Please complete the E-mail Inquiry Form.
By Regular Mail:
For State and Local Government Annual Financial Reports:
Office of State Controller John Chiang
Division of Accounting and Reporting
P.O. Box 942850
Sacramento, CA 94250
For Annual Audit Reports or Audit Guides:
Office of State Controller John Chiang
Division of Audits
http://sbcers-trustee.com/Documents/2011-12-14-013c-BOR-2011CAFR.pdf
SBCERS COMPREHENSIVE ANNUAL FINANCIAL REPORT
Fiscal Year Ended June 30, 2011
http://sbcers-trustee.com/Documents/2011-10-26-002b-BOR-ActuarialValuationJune30,2011.pdf
Santa Barbara County Employees’ Retirement System
ACTUARIAL VALUATION June 30, 2011
http://www.sbcgj.org/2011/PostEmployBenefits.pdf
Santa Barbara County Grand Jury report Post Employment Benefits
Complicated and Costly
http://www.sbcgj.org/2011/responses/PostEmployBenefits-CSFD.pdf
The following is our response to the Santa Barbara County Grand Jury report of June, 2011 titled
"Local Government Post Employment Benefits in Santa Barbara County - Complicated
and Costly."
http://www.countyofsb.org/uploadedFiles/sbcers/2010%20Valuation.pdf
Santa Barbara County Employees’ Retirement System
ACTUARIAL VALUATION June 30, 2010
http://sbcers-trustee.com/Documents/2011-04-27-013c-BOR-SBCERSCAFR6-30-2010.pdf
SBCERS COMPREHENSIVE ANNUAL FINANCIAL REPORT
Fiscal Year Ended June 30, 2010
http://sbcers-trustee.com/Documents/2011-03-23-003c-Actuarial-Valuation-of-OPEB.pdf
Santa Barbara County Employees’ Retirement System
Actuarial Valuation of Post Employment Benefits Other than Pensions
as of June 30, 2010
http://sbcers-trustee.com/Documents/20100428-012a-BOR-ActuarialAudit.pdf
That the Board: Authorize staff to issue a Request for Proposal for actuarial audit services in conjunction with Milliman’s upcoming Investigation of Experience and Actuarial Valuation for the period ending 6/30/10.
http://sbcers-trustee.com/Documents/20101004-002a-BOR-EconomicAssumptionsTransmittal.pdf
Receive preliminary report and presentation from Milliman, the System’s Actuary,
regarding their findings on economic assumptions (part of the Investigation of Experience from July 1, 2007, through June 30, 2010), and consider modifications to the economic actuarial assumptions.
http://sbcers-trustee.com/Documents/20101215-002b-InvestigationOfExperienceFY%27s%2707-%2710.pdf
Santa Barbara County Employees’ Retirement System
2010 INVESTIGATION OF EXPERIENCE
For the period July 1, 2007 to June 30, 2010
http://sbcers-trustee.com/Documents/2010-02-24-RRubalcavaPublicCommentHandout.pdf
Response to 2009 selection of alternative 2 as it pertains to the UAAL balance.
http://sbcers-trustee.com/Documents/20101004-002d-BOR-InvestigationOfExperienceEconomicAssumptionsPresentation-Milliman.pdf
SBCERS Board Meeting
October 4, 2010 Presentation
Investigation of Experience Economic Assumptions
http://www.countyofsb.org/uploadedFiles/sbcers/ActuarialValuation20090630.pdf
Santa Barbara County Employees’ Retirement System
ACTUARIAL VALUATION June 30, 2009
http://www.sbcgj.org/2009/responses/SBCERS-update.pdf
SBCERS 2009 response to the SBCGJ. Also past pension values for other California County Pensions
http://sbcers-trustee.com/Documents/2010-03-24-010-BOR-OPEBValuation.pdf
Santa Barbara County Employees’Retirement System
Actuarial Valuation of Post Employment Benefits Other than Pensions as of June 30, 2009
http://sbcers-trustee.com/Documents/2010-06-23-017-BOR-CAFR20092FINAL.pdf
SBCERS COMPREHENSIVE ANNUAL FINANCIAL REPORT
Fiscal Year Ended June 30, 2009
http://sbcers-trustee.com/Documents/20101004-002b-BOR-EconomicAssumptionsHistory.pdf
SBCERS HISTORY OF ECONOMIC ASSUMPTIONS
1981-2009
http://sbcers-trustee.com/Documents/20090624-012-BOR-GrandJuryReport.pdf
Santa Barbara County Grand jury report 2009
http://sbcers-trustee.com/Documents/010%20-%20BOR%20-%20Actuarial%20Valuation.pdf
Santa Barbara County Employees’ Retirement System
ACTUARIAL VALUATION
June 30, 2008
http://www.countyofsb.org/uploadedFiles/sbcers/SBCERS%20CAFR%202008%282%29.pdf
SBCERS COMPREHENSIVE ANNUAL FINANCIAL REPORT
Fiscal Year Ended June 30, 2007
http://www.countyofsb.org/sbcers/fnp/sbcersCAFR2007.pdf
SBCERS COMPREHENSIVE ANNUAL FINANCIAL REPORT
Fiscal Year Ended June 30, 2007
http://www.countyofsb.org/sbcers/fnp/2007FinalValuation.pdf
Santa Barbara County Employees’ Retirement System
ACTUARIAL VALUATION June 30, 2007
http://magicinsantabarbara.files.wordpress.com/2011/06/2007-actuarial-valuation.pdf
Santa Barbara County Employees’ Retirement System
ACTUARIAL VALUATION June 30, 2007
http://www.countyofsb.org/sbcers/fnp/2007ExperienceStudyRevised.pdf
Santa Barbara County Employees’ Retirement System
2007 INVESTIGATION OF EXPERIENCE
For the period July 1, 2003 to June 30, 2007
Revised January 2008
http://www.countyofsb.org/sbcers/fnp/2007ValuationAddendum.pdf
Addendum to the June 30,2007 Actuarial Valuation of the Santa Barbara County Employees’ Retirement System (SBCERS), presented at the February 27, 2008 Board Meeting.
http://magicinsantabarbara.files.wordpress.com/2011/06/2007-experience-study-review.pdfSBCERS REVIEW OF ACTUARIAL EXPERIENCE STUDY
DECEMBER 19, 2007
BOB MCCRORY& GRAHAM SCHMIDTEFI ACTUARIES
http://www.countyofsb.org/uploadedFiles/SBC/RPAAC/2006%20Evaluation%20of%20Retirement%20System.pdf
Mercer SBCERS Retirement System Evaluation November 7th 2006
http://www.countyofsb.org/auditor/publications/RetirementSystemEvaluationFinal.pdf
Mercer SBCERS Retirement System Evaluation Part 2
http://www.countyofsb.org/sbcers/fnp/sbcersCAFR2006.pdf
SBCERS Comprehensive Annual Financial Report for the Fiscal Year Ended June 30, 2006
http://www.countyofsb.org/uploadedFiles/SBC/RPAAC/2006%20Actuarial%20Valuation.pdf
Santa Barbara County Employees’ Retirement System
2010 INVESTIGATION OF EXPERIENCE For the period July 01 2003 to June 30, 2006
http://magicinsantabarbara.wordpress.com/2011/06/15/county-of-santa-barbara-office-of-the-auditor-controller-county-retirement-cost-white-paper-by-robert-geis-c-p-a/
County of Santa Barbara Office of the Auditor Controller County Retirement (SBCERS) Cost “White Paper” by Robert Geis C.P.A. 2006
http://www.countyofsb.org/uploadedFiles/SBC/RPAAC/2005%20Actuarial%20Valuation%20.pdf
Santa Barbara County Employees’ Retirement System
ACTUARIAL VALUATION June 30th 2005
http://www.countyofsb.org/sbcers/fnp/sbcers%20CAFR%202005.pdf
SBCERS Comprehensive Annual Financial Report For the Fiscal Year Ended June 30, 2005
http://www.countyofsb.org/uploadedFiles/SBC/RPAAC/2004%20Actuarial%20Valuation.pdf
Santa Barbara County Employees’ Retirement System
ACTUARIAL VALUATION June 30th 2004
http://www.countyofsb.org/sbcers/fnp/sbcers%20CAFR%202004.pdf
SBCERS Comprehensive Annual Financial Report For the Fiscal Year Ended June 30, 2004
http://www.countyofsb.org/uploadedFiles/SBC/RPAAC/2003%20Actuarial%20Valuation.pdf
Santa Barbara County Employees’Retirement System
ACTUARIAL VALUATION
June 30th 2003
http://www.countyofsb.org/uploadedFiles/SBC/RPAAC/2003%20Experience%20Studyv2.pdf
Santa Barbara County Employees’ Retirement System
2010 INVESTIGATION OF EXPERIENCE
For the period January 31st, 2001 to June 30, 2003
http://www.countyofsb.org/sbcers/fnp/sbcers2003.pdf
SBCERS Comprehensive Annual Financial Report For the Fiscal Year Ended June 30, 2003
http://www.countyofsb.org/uploadedFiles/SBC/RPAAC/2002%20Actuarial%20Valuation.pdf
Santa Barbara County Employees’Retirement System
ACTUARIAL VALUATION
December 31st 2002
http://www.countyofsb.org/sbcers/fnp/sbcers2002.pdf
SBCERS Comprehensive Annual Financial Report For the Fiscal Year Ended June 30, 2002
http://www.countyofsb.org/uploadedFiles/SBC/RPAAC/2001%20SBCERS%20CAFR.pdf
SBCERS Comprehensive Annual Financial Report For the Fiscal Year Ended June 30, 2001
http://www.countyofsb.org/uploadedFiles/SBC/RPAAC/2000%20Actuarial%20Valuation.pdf
Santa Barbara County Employees’Retirement System
ACTUARIAL VALUATION
December 31st 2000
http://www.countyofsb.org/uploadedFiles/SBC/RPAAC/2000%20SBCERS%20CAFR.pdf
SBCERS Comprehensive Annual Financial Report For the Fiscal Year Ended June 30, 2000
S.B.C.C.C. Thee place where COMMON SENSE never goes out of style!
Sunday, April 1, 2012
Carole Lieff your help is needed to expose corruption with the Santa Barbara County Employee Retirement Pension Fund(S.B.C.E.R.S.) The data to do so is available
I really wish I was producing more postings than I have been lately because my pension research and findings are cutting edge and much-needed. No one person or Government Agency has been able to unravel and explain the Santa Barbara County Employees Retirement Systems (SBCERS) current value crisis better than I. All my conclusions are fact based and verifiable through uncovered County, State, and Wall Street documentation. I might add that regardless of where I located these documents. The figures that appear in them were all originally provided by our elected county officials.
Moving forward many of you have been sharing a bleak report on the ALLEGED California Pension future unfunded liability’s that was created by the Stanford Institute for Economic Policy Research. Portions of this report were recently included the in a Santa Barbara News Press story, I reviewed the article and as far as I am concerned Stanford has grossly mislead the public.
. In fact last December CalSTRS Responded to Stanford’s findings by saying “the study’s findings are based on improbable scenarios and unrealistic assumptions and miss the mark”. Based on the mathematical factors used by Stanford I have to agree with CalSTRS stance. You see no matter how many times Stanford runs their calculations there can only be one conclusion; a huge negative deficit.
I could try to convince you of this but I would rather concentrate on my own incredible pension findings. Boy my work would be a lot easier if my pension findings came with a Stanford logo with it. I mean here I am under educated with poor grammar habits and sadly a terrible at spelling (Spell Check I know). Regardless of all my faults not one person or County agency has come forward to challenge any of my findings.
As a matter of fact when I approached the California State Controllers office they had no answers for me. In one email an employee with the Controllers office wrote, ”I’ve got a question on our retirement publications – and specifically about the Santa Barbara County System. Apparently, originally reported amounts for actuarial accrued liability and the actuarial value of assets were retroactively changed in reports issued for subsequent years. (The years I’m looking at are from 1988 – 1996.) Can you refer me to someone who can provide an explanation or some background? Terry, the following response should address the question of why there are differences with any of the ten years worth of reports for SB.
Just this past week I had a long conversation with a very strong community leader and we covered some of my pension findings. I acknowledged to this person that I am aware that it would be political suicide to attack our elected county officials with my pension findings. That regardless of the huge impact this could have not only on our County but our Country I just do not have the political clout to overcome the opposition. However I also inform my friend that they still need to be well versed with our county pension situation. Because there is one person who truly does have the power to change the political climate of our entire State if she so desires. Of course I am referring to that Montecito spitfire Carole Lieff. She and I have talked some in the past and I truly feel she is the key to my future success. Her blog is tilted Carole Lieff/ Santa Barbara watch dog! And can be found @ http://carolelieff.com/about/
.Carole I do owe you an apology for my actions the last time we spoke but you were incorrect with your assumptions. Now like then I implore you to allow me just one hour of your time so that I may present my findings to you and put all your doubts to rest. Carol I see on your blog you enjoy the million dollar art deal, well with your expertise we will be returning over TWO BILLION DOLLARS to the residents of Santa Barbara County.
Because of the sheer volume of abuse with our pension and the documentation that has been created to support the fraud I do under stand why it has taken so long for people to join my bang wagon. For example Page five of this report (http://www.countyofsb.org/uploadedFiles/SBC/RPAAC/C%20-%20Employer-Employee%20History%20of%20Costs.pdf) which represents the Employer Cost History for the SBCERS. Based on this document Santa Barbara County has been dealing with and committing additional funds to the pension for the UAALdebit since 1988. Now if you review the document used in the next paragraph you will see that the County is also committed to an additional 20 years of UAAL payments ending in 2028. Let me translate what the county would have you believe based on the data in these two documents. These documents state that Santa Barbara County will have made 40 years of additional payments to the pension above the normal contribution rate (UAAL) and still end up with a ONE BILLION DOLLARS UAAL deficit. If we cannot prove my findings it is time to shut the pension down.
Even with all the documentation I have already produced I still have to over come the public’s insistence that the cause of our pension’s deficit is poor investment returns. And the only fix to correct the poor funding and UAAL levels still consist of annually increasing the contribution rate until the Unfunded (UAAL) payment is greater than the normal contribution rate. Yes its true if you review page 15 of this October 2009 document http://www.sbcag.org/Meetings/SBCAG/2009/10October/Item%206E%20Staff%20Report%20re%20SBCERS%20%20Investment%20Losses.pdf
) you will see that starting in 2010 through 2022 the Employer UAAL Contribution payment is considerably larger than the Employer Normal Cost. Then If you compare the two category’s total cost starting with 2008 and ending in 2028 you will find that the pension situation has been allowed to deteriorate so badly that we must now commit more money to the unfunded payment than we pay for our current county work force during that time frame.
In closing please keep an open mind and remember this data was also provided by our County elected officials. I have found that the pension fund not only works it has produced some incredible results. Like a 20 year net return on assets of 10.10% annually (ending June 2007), and the 24 year net return on pension assets ending June 2012 is 8.5%. So how can this county explain the constant need for additional funds for the alleged UAAL side of the pension while earning an outstanding 25% more than the desired assumption rate? And all the while the County is also claiming to be contributing above the normal contribution rate as represented in the two documents I referenced in the last two paragraphs.
Please do not over think this because I can present about 30 different value challenges all backed with documentation. The abuse is just that prevalent.
If you have found value with the data in this posting please share it with has many friends and family as possible.
S.B.C.C.C. The place where COMMON SENSE never goes out of style!
To verify the 24 year 8.5% return on assets go to the 2011 Valuation report @ http://sbcers-trustee.com/Documents/2011-10-26-002b-BOR-ActuarialValuationJune30,2011.pdf and review the 24 year return on assets average on page 26.
To confirm the 10.10% 20 year return on assets average you can go to http://magicinsantabarbara.files.wordpress.com/2011/06/2007-actuarial-valuation.pdf
Moving forward many of you have been sharing a bleak report on the ALLEGED California Pension future unfunded liability’s that was created by the Stanford Institute for Economic Policy Research. Portions of this report were recently included the in a Santa Barbara News Press story, I reviewed the article and as far as I am concerned Stanford has grossly mislead the public.
. In fact last December CalSTRS Responded to Stanford’s findings by saying “the study’s findings are based on improbable scenarios and unrealistic assumptions and miss the mark”. Based on the mathematical factors used by Stanford I have to agree with CalSTRS stance. You see no matter how many times Stanford runs their calculations there can only be one conclusion; a huge negative deficit.
I could try to convince you of this but I would rather concentrate on my own incredible pension findings. Boy my work would be a lot easier if my pension findings came with a Stanford logo with it. I mean here I am under educated with poor grammar habits and sadly a terrible at spelling (Spell Check I know). Regardless of all my faults not one person or County agency has come forward to challenge any of my findings.
As a matter of fact when I approached the California State Controllers office they had no answers for me. In one email an employee with the Controllers office wrote, ”I’ve got a question on our retirement publications – and specifically about the Santa Barbara County System. Apparently, originally reported amounts for actuarial accrued liability and the actuarial value of assets were retroactively changed in reports issued for subsequent years. (The years I’m looking at are from 1988 – 1996.) Can you refer me to someone who can provide an explanation or some background? Terry, the following response should address the question of why there are differences with any of the ten years worth of reports for SB.
Just this past week I had a long conversation with a very strong community leader and we covered some of my pension findings. I acknowledged to this person that I am aware that it would be political suicide to attack our elected county officials with my pension findings. That regardless of the huge impact this could have not only on our County but our Country I just do not have the political clout to overcome the opposition. However I also inform my friend that they still need to be well versed with our county pension situation. Because there is one person who truly does have the power to change the political climate of our entire State if she so desires. Of course I am referring to that Montecito spitfire Carole Lieff. She and I have talked some in the past and I truly feel she is the key to my future success. Her blog is tilted Carole Lieff/ Santa Barbara watch dog! And can be found @ http://carolelieff.com/about/
.Carole I do owe you an apology for my actions the last time we spoke but you were incorrect with your assumptions. Now like then I implore you to allow me just one hour of your time so that I may present my findings to you and put all your doubts to rest. Carol I see on your blog you enjoy the million dollar art deal, well with your expertise we will be returning over TWO BILLION DOLLARS to the residents of Santa Barbara County.
Because of the sheer volume of abuse with our pension and the documentation that has been created to support the fraud I do under stand why it has taken so long for people to join my bang wagon. For example Page five of this report (http://www.countyofsb.org/uploadedFiles/SBC/RPAAC/C%20-%20Employer-Employee%20History%20of%20Costs.pdf) which represents the Employer Cost History for the SBCERS. Based on this document Santa Barbara County has been dealing with and committing additional funds to the pension for the UAALdebit since 1988. Now if you review the document used in the next paragraph you will see that the County is also committed to an additional 20 years of UAAL payments ending in 2028. Let me translate what the county would have you believe based on the data in these two documents. These documents state that Santa Barbara County will have made 40 years of additional payments to the pension above the normal contribution rate (UAAL) and still end up with a ONE BILLION DOLLARS UAAL deficit. If we cannot prove my findings it is time to shut the pension down.
Even with all the documentation I have already produced I still have to over come the public’s insistence that the cause of our pension’s deficit is poor investment returns. And the only fix to correct the poor funding and UAAL levels still consist of annually increasing the contribution rate until the Unfunded (UAAL) payment is greater than the normal contribution rate. Yes its true if you review page 15 of this October 2009 document http://www.sbcag.org/Meetings/SBCAG/2009/10October/Item%206E%20Staff%20Report%20re%20SBCERS%20%20Investment%20Losses.pdf
) you will see that starting in 2010 through 2022 the Employer UAAL Contribution payment is considerably larger than the Employer Normal Cost. Then If you compare the two category’s total cost starting with 2008 and ending in 2028 you will find that the pension situation has been allowed to deteriorate so badly that we must now commit more money to the unfunded payment than we pay for our current county work force during that time frame.
In closing please keep an open mind and remember this data was also provided by our County elected officials. I have found that the pension fund not only works it has produced some incredible results. Like a 20 year net return on assets of 10.10% annually (ending June 2007), and the 24 year net return on pension assets ending June 2012 is 8.5%. So how can this county explain the constant need for additional funds for the alleged UAAL side of the pension while earning an outstanding 25% more than the desired assumption rate? And all the while the County is also claiming to be contributing above the normal contribution rate as represented in the two documents I referenced in the last two paragraphs.
Please do not over think this because I can present about 30 different value challenges all backed with documentation. The abuse is just that prevalent.
If you have found value with the data in this posting please share it with has many friends and family as possible.
S.B.C.C.C. The place where COMMON SENSE never goes out of style!
To verify the 24 year 8.5% return on assets go to the 2011 Valuation report @ http://sbcers-trustee.com/Documents/2011-10-26-002b-BOR-ActuarialValuationJune30,2011.pdf and review the 24 year return on assets average on page 26.
To confirm the 10.10% 20 year return on assets average you can go to http://magicinsantabarbara.files.wordpress.com/2011/06/2007-actuarial-valuation.pdf
Subscribe to:
Posts (Atom)
