Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Bates & Company, Inc.
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Regional Vice President of Sales The Retirement Plan Company
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Compass
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AimPoint Pension
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Loan & Distribution Specialist AimPoint Pension
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Stockton Bankruptcy Judge Considers Pension Cuts
Calpensions May 19, 2014
"Late in the second day of the trial, the judge said he had some questions for [CalPERS]. 'If I just rubber-stamp plans, I might as well just be a potted plant,' Klein said ... CalPERS uses a low investment earnings forecast to discount the future debt of terminated plans, 2.98 percent rather than the usual 7.5 percent. If the two Stockton plans were terminated now, CalPERS would ask the city to pay about $1.6 billion."
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