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Subject:  Re: Is the pension worth it? Date:  8/24/2005  9:12 PM
Author:  mcain6925 Number:  47407 of 78166

Another question that might be worth speculating about is "How reliable is the pension?" A number of municipal governments -- Houston, Philadelphia, San Diego -- have pension funds that are in considerable trouble. San Diego, both the city and the county, are being sued by pensioners demanding that they make the necessary additional contributions to make the the pension fund "whole" in the near term. If they lose the case, both will be bankrupt. There is not much case law on municipal bankruptcies, and no one is sure exactly what claims the municipal pension fund has on future tax revenue in the case of such a bankruptcy.

Here in Colorado, the public employees' pensi