Wisconsins Public Pensions funded at 100%

[Scuba]

http://www.jsonline.com/business/120745424.html

<snip>

Wisconsin emerged as one of the better-performing states in a gloomy report released Tuesday that estimated the gap between states' promises and the amount of money they've set aside for employees' retirement and other benefits has grown to at least $1.26 trillion.

Wisconsin's public employee pension plan was 100% funded compared with an average of 78%, according to the report by the Pew Center on the States.

Wisconsin was among just seven states that have funded at least a quarter of health care and other benefits for retirees, said the report, called "The Widening Gap: The Great Recession's Impact on State Pension and Retiree Health Care Costs."


<end snip>


More Scooter lies.

[Hannah Bell]

1. of course. would have been a coup to take down a fully-funded pension system.

then the wreckers could have thrown that money into the general budget & spent it to pay for privatized services.

grand theft.

why aren't these people in jail?

[Scuba]

2. We're working on it. n/t

[aquart]

3. Why aren't they hanged?

They stole the future of millions. Why are they breathing?

[Hannah Bell]

4. it's the paradox of capitalism. big thieves never go to jail; small thieves spend years there.

so boys & girls, if you're going to steal, go for the big money.

[aquart]

6. Yep. Never steal anything small.

[ProgressiveProfessor]

5. The Pew report is not without some concerns

Page 9 of the Pew report is enlightening about where they got their numbers. "Pew adopted each state’s actuarial assumptions." to me is a key concern. CALPers statements at times have been overly optimistic, and in light of a potential double dip coming, I would be concerned about the overall correctness of the data used.

[undeterred]

7. Kick!

[Starry Messenger]

8. k&r