The past performance of the SBCERS pension fund is not the issue, where has the money gone is!

The past performance of the SBCERS pension fund is not the issue, where has the money gone is!

This posting will be short and sweet and I will start by asking; do you really think the economy of California can allow the California Public Pension system to continue down this reckless path?

Well not if the LITTLE HOOVER COMMISSION has anything to say about it. You can read all
about there reform ideas in there publication entitled PUBLIC PENSIONS FOR
RETIREMENT SECURITY February 2011 and it can be found @
http://www.lhc.ca.gov/studies/204/Report204.pdf
or at my other blog @
https://magicinsantabarbara.wordpress.com/2011/06/05/the-little-hoover-commission-public-pensions-for-retirement-security/

Right now I will be providing various charts graphs and data that was created by the SBCERS pension board for your review. I will add a brief caption with each document about the facts and figures found on them. If you are viewing these documents @ http://www.santabarbaracriminalcourtcorruption.blogspot.com you can double click on any document and it will open up to it’s own window. This makes it easy to create a copy or file for yourself.

Real quickly is 73% funded ratio the real concern or the 61% funded ratio at Market Value for year ending 06/2010 what we should be looking at?

Based on this data we have a well performing fund
When you add 2010 returns to these figures you get a 21 year performance with an average rate of return at 8.4%. How could we even be under funded when you consider the 7.6% 20 year average has 26& loss in the last two years.
When the portfolio and assumption rates meet you have a 100% funded Pension
Why dose this graph not match with the one before it? They both represent the same time period and fund.
After reviewing this chart I am left to wonder where all the excess funds disappeared to. As late as 1988 the fund ratio was only 57%
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About magicinsantabarbara

Our Santa Barbara Criminal and Civil Superior Courts often abuse’s us with illegal and unjust judgments and convictions. So I investigate, law enforcement, judge’s, elected officials and our California Public Pensions trying to expose the corruption we are being forced to accept. We must always respect and support those who practice the law in an even and ethical manner and demand it from those who do not. Here you can find data for SBCERS, VECRA, LACERA .pensions as well as others.
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