Here's what's happening in Kentucky. Due to ignorance, abuse, greed and state government corruption taxpayers are forced to contribute $5.82 dollars to every $1.00 dollar to plans governed by the Kentucky Public Pension Authority. The state government does not care that Kentucky's poverty rate is 28.91% above the national average. They don't care that some elderly are experiencing food insecurities. In Kentucky elected official s represent the 10% of Kentuckians in the public service sector. A sector they are a part of. The 90% in the private sector get an FU and bird finger.
Look at the 4 billion that Univ California put into a troubled REIT this week. LOL, other investors CANNOT GET OUT, but they dump in 4 billion, even as the SEC is investigating the reit firm.
What good does it do to for a state auditor to audit a state run pension fund? To get an honest audit it has to be an outside forensic pension auditor. That cost money. Plus, state government will fight against a forensic audit.
Why do these public “self” servants deserve a lifelong, taxpayer-funded pension at all? Every time I tried to enlist the help of a government employee (be it at the DMV, or at school, or anywhere else), the government “worker” runs the other way, screeching, “Oh My God! I’ve had to work 3 hours this week already!!!” Hence the term “Public ‘Self’ Servants”-they want the taxpayer money of the working class, but they don’t want to work themselves.
Lets hope these US Pensions didn't invest in China based Real Estate Bonds (in Emerging Markets Bond ETF funds). Huge debt defaults are coming to be realized by foreign investors in the Chinese property sector.
Sounds just like our American government with wasteful spending and now they’re saying where can we make cuts? Hmmm Teachers, firefighters, and police officers? Let’s take away their benefits 😂what a joke.
Nope. If you lose asset value in your 401K plan it's gone until you can recover, if you can recover. In a state managed public pension system plan participants lose nothing. They get theirs regardless. To them if you are going hungry from income confiscation to bail out public pension system you and your family can just go graze with the cattle.
The experts have a great record in investing funds 2008,2000,1986 еtc 😂
Here's what's happening in Kentucky. Due to ignorance, abuse, greed and state government corruption taxpayers are forced to contribute $5.82 dollars to every $1.00 dollar to plans governed by the Kentucky Public Pension Authority. The state government does not care that Kentucky's poverty rate is 28.91% above the national average. They don't care that some elderly are experiencing food insecurities. In Kentucky elected official s represent the 10% of Kentuckians in the public service sector. A sector they are a part of. The 90% in the private sector get an FU and bird finger.
Experts. The Ontario teacher's fund threw away 95 million dollars on FTX
Look at the 4 billion that Univ California put into a troubled REIT this week. LOL, other investors CANNOT GET OUT, but they dump in 4 billion, even as the SEC is investigating the reit firm.
Haha. There about to crash the pension funds. Sad. Just a heads up there giving yall.
That sounds like a nightmare
Sounds like an audit is coming lol
What good does it do to for a state auditor to audit a state run pension fund? To get an honest audit it has to be an outside forensic pension auditor. That cost money. Plus, state government will fight against a forensic audit.
Why do these public “self” servants deserve a lifelong, taxpayer-funded pension at all? Every time I tried to enlist the help of a government employee (be it at the DMV, or at school, or anywhere else), the government “worker” runs the other way, screeching, “Oh My God! I’ve had to work 3 hours this week already!!!” Hence the term “Public ‘Self’ Servants”-they want the taxpayer money of the working class, but they don’t want to work themselves.
Lets hope these US Pensions didn't invest in China based Real Estate Bonds (in Emerging Markets Bond ETF funds). Huge debt defaults are coming to be realized by foreign investors in the Chinese property sector.
Sounds just like our American government with wasteful spending and now they’re saying where can we make cuts? Hmmm Teachers, firefighters, and police officers? Let’s take away their benefits 😂what a joke.
We should. Teachers are useless
That must suck
A prime example of where idiots that propose common sense to be used for everything are wrong
Is this gonna affect my 401k?
Nope. If you lose asset value in your 401K plan it's gone until you can recover, if you can recover. In a state managed public pension system plan participants lose nothing. They get theirs regardless. To them if you are going hungry from income confiscation to bail out public pension system you and your family can just go graze with the cattle.
The fun part in Defined Benefits... pray for timely retirement