Read all about it at Pension Pulse.
They make ridiculous return assumptions and bad investments. We have to pay for the difference.
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More stuff that broke around 1971
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I left CA two months ago for a state with more rational economic policies. From a distance, the collapse is more spectacular. I feel like I've just been cured from a ginormous tapeworm that had been living inside me, and was about to hatch eggs.
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