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To: isthisnickcool
"There is no money there now.."

The money is there as a bookeeping notation and is kept in the general fund. (Earns more interest that way?)

Thanks for your comments.

10 posted on 03/25/2002 7:35:31 AM PST by Matchett-PI
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To: Matchett-PI
The money is there as a bookeeping notation and is kept in the general fund

No matter. There still is no money there. It's not a trust fund. Money comes in, the IOU is placed there, then the money goes into general revenue where it's used to pay current benefits. The balance of the cash is used to pay other general obligations.

And these people had a problem with ENRON?

I'd just like to be able to opt-out. Thank-you-very-much.

13 posted on 03/25/2002 7:53:05 AM PST by isthisnickcool
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