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BLUE MELTDOWN: California Pension Fund Threatens to Renege on its Promises for the First Time. T…

BLUE MELTDOWN: California Pension Fund Threatens to Renege on its Promises for the First Time. The problem for Loyalton, in other words, is just a more acute version of the problem besetting municipalities across the country: Namely, that state pension authorities have been assuming unrealistic discount rates and rates of return on their investments for […]
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Pension Benefits In Tiny California Town To Be Slashed As "Ponzi Scheme" Is Exposed

Business & Finance : Zero Hedge

For the tiny little town of Loyalton, California, with a population of only 700, a failure of city council members to understand the difference between the calculation a regular everyday pension liability and a "termination liabilit...

With Pension Fund Only 49% Funded, City Of Minot Considering Defined Contribution Plans

US Politics / Conservative : Say Anything Blog

All over the country, defined benefits pension plans are crumbling. Public sector plans for state and municipal workers are under water. Federal pension plans are under water. Even Social Security, which is little more than a sort o...

BLUE STATE BLUES: Why California Can’t Build More Housing. The State of California (and the San …

US Politics / Conservative : Instapundit

BLUE STATE BLUES: Why California Can’t Build More Housing. The State of California (and the San Francisco Bay Area in particular) has become ground zero for the housing affordability crisis besetting major metropolitan areas across ...

BLUE MODEL MELTDOWN: Here Comes Puerto Rico’s Default. The Puerto Rico meltdown is going to be b…

US Politics / Conservative : Instapundit

BLUE MODEL MELTDOWN: Here Comes Puerto Rico’s Default. The Puerto Rico meltdown is going to be brutal: Many of the bonds are held by Puerto Rican retirees, either directly or as part of pension fund portfolios. Moreover, the island ...

BLUE MODEL BLUES: The Pension Vise Tightens in California. Earlier this week, CalPERS—Californ…

US Politics / Conservative : Instapundit

BLUE MODEL BLUES: The Pension Vise Tightens in California. Earlier this week, CalPERS—California’s pension fund for most public employees—reported abysmal annual earnings of 0.61 percent, a tiny fraction of the seven-and-a-half perc...

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