Forum Post: Police pension fund
Posted 12 years ago on Dec. 9, 2011, 10:36 a.m. EST by brianem
(2)
This content is user submitted and not an official statement
Someone ought to be researching various police organizations pension funds- Specifically to determine how much Wall Street has stolen from them. Faced with that very personal information, police officers may better identify who the real criminals are and the relationship between police and activists should improve.
Here is a page ( http://www.msa.md.gov/megafile/msa/speccol/sc5300/sc5339/000113/013000/013393/unrestricted/20110211e.pdf) from the State of Maryland's pension fund investments: All wall street. I am not a financial person so can't parse out the data to show how much these funds have lost, but someone out there is and the analysis would be very interesting....
M
And while looking into it, please note if what you are looking at is deferred compensation. As we found out for Wisconsin state workers, taxpayers were not footing the bill. http://www.forbes.com/sites/rickungar/2011/02/25/the-wisconsin-lie-exposed-taxpayers-actually-contribute-nothing-to-public-employee-pensions/
Yes but the ultimate benefits will be paid to the police and any shortfall will be paid with tax revenues.
All the pension funds that I know of are invested in something. I know my teacher retirement fund has almost vanished the last 2 years.
Police pensions are defined benefits and not subject to market swings up or down. They have lost nothing, unless their contract negotiations reduce their retirement benefit, or the city or town they hqve worked in goes bankrupt.