Reply #19: At 3%? In this market?

[AtheistCrusader]

'Risk free'?

Edit: For comparison Shiller PE is HOPING to gain 2.6% over the next ten years. 3% per year is just not going to fucking happen in this market. To say nothing of landmines of 'whoops, we put 20% of our holdings in real estate' or 'whoops, we held 10% of our assets in cash, which not only doesn't return anything, but LOSES money right now'.

I don't know the specifics of what happened in Wisconsin. You may be totally right that crocodile tears were shed over funding that didn't come out of the state anyway. But that, is THAT issue, and THIS pension issue is screaming 'OFF SCALE', based on the information so far presented here.