That’s pretty conservative, Celtic.
Last year it was $115B with about 30% of funds on hand. This year it is projected to go to $130B.
They were also projecting an 8% growth rate in their existing funds. LOL! If I could guarantee that kind of growth, I would be a billionaire hedge fund manager.
-ex life long Chicagoan
The number given to me is a couple of years old, and i’ve not heard of more recent estimates. Thanks for the updated info. Whether it’s 100 or 115 people don’t believe me it’s that much. I live in Michigan and we have an amendment mandating a balanced budget. Michigan has some real problems, but massive deficit spending isn’t one of them.
CC
I have a radical idea. How about they pay the money from their own paycheck! When I (if) retire, my pension will be whatever I have saved, so taxing me to pay for some leeches to live comfortably rubs me the wrong way. If I had taken a govt job, I’d already be retired instead of trying to recover from 2007-2008 losing my savings while putting kids through college.