Eliminating Government Unions..It's about time

[Rick]

No, it sounds about right:

No, it's way off.


“CalSTRS takes a long-term approach to its projections and believes long-term investment returns are the most appropriate measure of the fiscal health of the pension system and the soundness of contribution levels."

Translation: "We're in, duhhhhhh, desperate shape, but some how the stock market will bail us out, maybe ....... lesseee ..... hmmmmm ........ gosh ..... errrrrrrr ...... 30 years from now. No wait - wait 43.7 years from now - yaaaaaa that's it."