I have made a small report and left it here on my blog for your review. I hope that you review the data that I have spent weeks putting together. How can a Pension fund with a 20 year performance level of 7.6% return be currently underfunded.
I will within the next week present new data showing not only that the SBCERS Pension fund is not 1 billion dollars under funded for future liability but is currently exceeding all expectations up to present time.
To the Board of Supervisors and SBCERS Pension Fund Board Members I challenge you to dispute my findings in any public format you choose.
Larry “Magic” Mendoza
unovering true pension fund value