Loan & Distribution Specialist AimPoint Pension
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Compass
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Bates & Company, Inc.
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California Taxpayers May Face Big Blow for Pension Costs
Los Angeles Daily News Mar. 3, 2006
Excerpt: Pension systems in California are operating on assumptions of a 7.5 percent to 8.5 percent annual return on investment portfolios, but investment experts say historical trends suggest stocks will increase by only 6 percent to 7 percent annually. Coupled with rising retirement rates and growing pension benefits, the resulting squeeze could leave dozens of pension funds without enough money for payouts.
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