Reagan Posted November 21, 2016 Report Posted November 21, 2016 Oh -- BTW -- the Mayor is a Democrat! This is the hidden content, please Sign In or Sign Up Quote
stevenash Posted November 21, 2016 Report Posted November 21, 2016 The pension investment return assumptions were way out of line. This began when they overpromised retirement benefits and then were forced to take excessive risk with the "hope" that the risky investments would pay off. Over extended periods, that rarely, if ever, works. Quote
Hagar Posted November 22, 2016 Report Posted November 22, 2016 17 hours ago, stevenash said: The pension investment return assumptions were way out of line. This began when they overpromised retirement benefits and then were forced to take excessive risk with the "hope" that the risky investments would pay off. Over extended periods, that rarely, if ever, works. Just a quick question. The group that set this up, did they become Obama's financial advisors? Reagan 1 Quote
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