[PAR35]

So I was able to show her how if we zero out our considerable savings that with the Cal pension and SS we would be more than comfortable

California pension? You probably ought to re-calculate based on what the PBGC would pay when California goes bust and starts issuing script instead of real money.

[freedumb2003]

>>California pension? You probably ought to re-calculate based on what the PBGC would pay when California goes bust and starts issuing script instead of real money.<<

That is part of the reason I am taking it now.

But I am pretty sure the courts will force them to pay Cal Pers even if they don’t spend a dime on anything else. But it is the courts so who knows?

As for “script” (scrip?): I was an employee when California issued IOUs back in the 90s — since they paid interest they ended up being investment grade instruments.

It isn’t enough to really make much of a difference but it is a nice to have.