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Again, what does any of this has to do with an 8th grader getting appointed behind closed doors as the council president. And for the StevieD fans. If you havent looked lately, your pension plan this year which was based on a 7.5 % return (that was promised to you at the taxpayer expense) returned 1.4%. So, cummulatively, over the past 10 years the rate of return according to the Treasures Dept., is 2.28%. A far cry from the 8 % in past years as promised by the people you continue to elect, and not even close to the 7.5 that your mayor boasts about, that due to his correction, all your pensions will be just fine.

So lets look at it in perspective. This year, due to the actual return rate of 1.4 % and not 7.5, that means that next year the return has to be 13.6, just to break even. If you dont get that return rate, what does it do to the unfunded liabilities. Now StevieDboy, here is where you get to exemplify your post secondary education, extrapolate the numbers and educate us morons that can actually do math. So whats the verdict? Happy with your financial managers or not? Oh I know, now the excuse will be that return rates arent measured year to year. I already gave you the numbers for the past 10 years as was discussed at the budget hearings, but since your hero Scotty boy (by the way are you related) refuses to bring in the actuaries to testify, and has failed to present a 5 year plan, how's your confidence level??

From: Leave out the personal attack

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