Key Matrix List
Hopefully, they really enjoy paying all these pensions for services that has been peformed by public employees.
California at market value with a 2.75% return has $1.1 trillion in unfunded pensions
http://us.pensiontracker.org/stateSu...ld21&summary=1
Illinois has 400 billion dollars in unfunded pensions assuming 2.75% rate of return
http://us.pensiontracker.org/stateSu...ld21&summary=1
The retirees were promised that and hopefully they get every penny and the states have to raise taxes and cut services to pay for all of it.
It is so interesting how Illinois and California plan to expand all these programs infused with socialism which means increased expenditures and are completely ignoring the liability.
California is estimating a 7.48% rate of return from today's all time high asset and equity prices.