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Subject:  Re: Church Retirement Fund Date:  2/8/2013  11:38 AM
Author:  vkg Number:  117693 of 127614

State of CA were going to obtain returns of over 7.5% a year - were the projected returns more in line with reality large payments into the retirement fund would be required.

There are more politics behind the CA numbers. When the estimates aren't met the taxpayers have to make up the difference. When the estimates are realistic, state employees have to contribute more.
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