Contributions to pension plans have been too modest because the people running them had too much faith in the stock market; the number of pension funds which assumed an 8% growth rate is legion, and they're discovering that 8% was childishly optimistic.
Assuming that pie-in-the-sky rate of growth, though, meant they didn't have to fund it properly, which meant they had more money to spend elsewhere. "Hardest hit by the proposed cuts will be 43,400 retirees who spent most of their employment at companies that failed to pay into the pension fund all that they owed," says the article in question. Only now, those chickens are coming home to roost.
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San Francisco is one of those cities which don't do anything about the homeless. And so a rich man who probably otherwise styles himself "compassionate" says that the city government must do something about the "riffraff".
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The Onion is no longer funny.
Female Presidential Candidate Who Was United States Senator, Secretary Of State Told To Be More InspiringThis is supposed to be funny. It is not, unless you are a liberal Democrat.
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The Pope is saying Trump is not a Christian. I like Trump's response: "I am proud to be a Christian and as President I will not allow Christianity to be consistently attacked and weakened, unlike what is happening now, with our current President."
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So, the other day Ormus was wandering around his garrison and spied a pet named "Mr. Terrible", who is a turnip.
"Mr. Terrible," Ormus asked, "are you being sassy?"
Mrs. Fungus: AAAHH HA HA HA HA HA HA HA
Anyway, we ended up deciding that Dr. Mann (from Interstellar) and Mr. Terrible go around on Easter destroying everyone's Easter baskets.
We have fun.