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For California Pensions, Math Is Already at Work
Fox & Hounds Blog
[Opinion] May 12, 2013 "A pension plan is not supposed to contain just enough assets to 'cut checks' to those next in line to receive them. Being fully funded is what allows the pension fund to realize the full returns intended. When a plan is only partially funded, every dollar not invested results in missed investment returns the plan was supposed to realize." MORE >> |
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