Re:U.S. job openings post biggest drop in more than four years
by 12xo on Friday January 17, 2020 @12:33PM
(#22076923)
FYI - California teachers do not pay into SocialSecurity. Their pension is 100% on the backs of the tax payers of CA. Market performance is irrelevant as their pensions are paid regardless of performance.
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Re:U.S. job openings post biggest drop in more than four years
by Domenic_S on Friday January 17, 2020 @01:00PM
(#22077268)
Market performance is only irrelevant as far as the amount the retirees see on their checks -- it's relevant to CA taxpayers because the money has to come from somewhere if the market underperforms.
Re:U.S. job openings post biggest drop in more than four years
by 12xo on Friday January 17, 2020 @01:07PM
(#22077350)
Yes, that was my point. The market investments are not what is driving the pension's long term value. The underwriting by the state is what makes it valuable. The markets are simply an avenue for growth, or as was the case in the past, losses...