CHP7747 wrote: Mr Ransom; You just painted a wide spectrum of honest, dedicated Public Employees with a tab brush. I was a California Highway Patrol Officer (OFFICER--out on the road, taking my chances) for 31 years. Every month, they took 10% for my retirement - Public Pensions are Another Form of Theft
Dear Officer Comrade,
No, actually I didn’t.
What I did do was point out that pretending, for example, that your CALPERS pension fund will get 7.5 percent return on investment when interest rates for a 30-year U.S. Treasury bond is 2.69 percent means that the pension will...