Green Folly
Massachusetts Debates Worst Pensions Idea Yet
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  • Fat_Man

    I could support restricting defined benefit pension plans from investing in anything but Treasury bonds. They should focus on their obligations and not take risks with their beneficiaries money.

    • Andrew Allison

      And/or Index funds. The problem is that the pols and the greens appear not to care about the obligations of the pension plans to their beneficiaries.

      • Boritz

        Which is why the plans are over-promised and under-funded even with quality investment choices.

  • Tom Scharf

    I vote they politicize every investment, I don’t live there. The more silly they get with investments, the better returns for everyone else.

  • Chris_8304

    The probabilistic nature of the investment returns and the actuarial nature of the pension payments mean that the impact of stupid decisions about managing the pension fund won’t be seen until years in the future. By then, this group of politicians will be safely retired. This is the main reason why public pension funds are in such bad shape.

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