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URL:  http://boards.fool.com/jlc-quotand-the-biggest-problem-with-that-is-30770730.aspx

Subject:  Re: Proposal to end public pensions Date:  7/11/2013  10:22 AM
Author:  jgc123 Number:  428472 of 454753

JLC: "And the biggest problem with that is the government(s) can project 12% return on investments

I suppose they could, but I am not sure how many do that. Virginia was using an overly optimistic 7% discount rate whereas Moody's recommended they use a 5.5% projection, which is closer to realistic in my view.

"Anyone that can get 12% over 20 plus years is usually considered one of the top investment players. It is ludicrus to think the government is that good."

I don't know if that is a straw man or not. I only know that my wife's pension is not predicated on such an assumption in the first place.
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