Originally posted by KingofSix
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However when politicians either A) Take money from the fund for non pension reasons B) Make horrid investments decisions C) Fail to make their pension contributions several years in a row you end up with what the city has. Most "healthy" pension funds being in the mid 80's.
If I was a city officer I would be much more concerned with them righting the pension fund then giving a 3-10% COLA or whatever they call it. Most are in a position to live 20-30 years AFTER retirement. I'd want a healthy fund for that time rather then a few extra grand now. But that's just me.
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