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It's a very reasonable number. Consider that there are three factors feeding this: 1. Increased promises to the public sector workforce. 2. The need to make u
by CWuestefeld 16y ago
It's a very reasonable number. Consider that there are three factors feeding this:
1. Increased promises to the public sector workforce.
2. The need to make up shortfall in the funding due to market declines.
3. The need to make up shortfall because the funding was insufficient to begin with, owing to accounting ... creativity.
- MaysonL 16y agoAnd these three factors are going to continue for the next 10 years? I strongly doubt it.
- recoil 16y agoYou missed two other points: 4. The boomers are just now hitting retirement, so the number of people retiring in a given year is increasing (Actually, it'd be interesting if somebody could pull out some hard numbers on this - I've heard this spoken of anecdotally a lot lately). 5. Retirees are drawing on their pensions for longer because they have longer lives.