The Government Finance Officers Association is made up of the best in government finance. They have issued a fact sheet on the status of government pension funds, they say there is no crisis and they should know. Now lets ask ourselves why would we be told there is a crisis with the pension funds and why the media is not reporting what the GFOA is saying.
Let us consider this, if the funds were basically giving away the excess, losing hundreds of millions, then the people running them would need more to keep up their little ponzi schemes.
I remember posting recently about one investment firm that lost hundreds of millions of dollars of pension money and said that the pension funds for government employees were too generous. There needed to be basically more to give to his friends and not return the funds to the people who they were created for.
That is what is really behind the pension crisis, not there being adequately funded for the employees.
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