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Old 01-04-2013, 16:52   #8
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fastbolt's Avatar
Join Date: Jun 2002
Location: Within the lightning (Northern CA)
Posts: 9,382
Kind of depends upon the retirement system.

The one I'm in only has more than 10K members.

It's funded ratio is over 70%. It's been as high as almost 80%, and as low as the middle 60's.

In 2009-10 it earned 14%.

In 2010-11 it earned 24%.

For 2011-12, when the recovery stalled, it went to essentially zero. For the first 3 months of 2012-13 fiscal year it rose to over 5%, and for the 12 months ending in Sep 2012 it had earned over 18%.

I don't believe the fund can be "borrowed from", either.

Things fluctuate, but it appears that some retirement systems and funds can be managed well.

I'm just lucky that I ended up in what's seemingly a good retirement system. This wasn't known to me as a young man, nor was I really thinking about it back then when I took the job.
Sub Club #9; .40 S&W Club #1953; S&W Club #3913
Retired LE - firearms instructor/armorer

Last edited by fastbolt; 01-04-2013 at 16:53..
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