Subject: Interesting Articles on the Pension Liability Crisis
From: "Neil Callahan" <[email-masked]>
To: <[email-masked]>, "'Arlene Busch'" <[email-masked]>, "'Eric Schwerin'" <[email-masked]>, "'Hunter Biden'" <[email-masked]>
Cc: "'Devon Archer'" <[email-masked]>
Date: Sat, 16 Oct 2010 14:09:14 -0400

From this week's Economist.

55% of all Ohio's tax receipts will go to pay pension benefits . . . 

New Jersey's pension plan will run out in 8 years and is on a plan assuming
8% annual return.  If NJ changes their return assumptions which they should,
they will run out of money in 3-4 years.

 

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Neil Callahan

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