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Euro pension funds are vapor, too
As capital gains go, so goes California
Leave California.
https://transparentcalifornia.com/
they talk about the pension having a specific value, which implies there's a certain total amount it can payout - which may imply it can only pay out for so many years, not forever.
How do the pensions work? I always thought a pension paid a yearly amount until you died. But they talk about the pension having a specific value, which implies there's a certain total amount it can payout - which may imply it can only pay out for so many years, not forever.
Even the forever ones are not necessarily forever.
My brother-in-law was a policeman in Detroit and expected a good pension, but Detroit went bankrupt and it got cut back in spite of his contract and the union.
For residents in theStatePeople's Republic of California, they'll just make us Tax Donkeys cover those capital losses for the state employees' pensions. Municipalities may try to do that also.
My brother-in-law was a policeman in Detroit and expected a good pension, but Detroit went bankrupt and it got cut back in spite of his contract and the union.
ad says
https://transparentcalifornia.com/
How do the pensions work? I always thought a pension paid a yearly amount until you died. But they talk about the pension having a specific value, which implies there's a certain total amount it can payout - which may imply it can only pay out for so many years, not forever.
https://transparentcalifornia.com/
california has better civil service pensions that the us military and federal civil service ! ! !
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