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What happens to state/local pensions if stocks ever go down?

seems like most pension funds are a mix of equities and bond...
Vivacious submissive stage affirmative action
  10/20/17
states just raise taxes and repossess homes... all to make ...
mahogany big temple corn cake
  10/20/17
The schools and roads would turn to complete shit. Oh wait, ...
fishy irradiated striped hyena piazza
  10/20/17
No one made you move to California.
180 deer antler
  10/20/17
Poors will riot and burn down certain areas.
flushed site roommate
  10/20/17
Boomers will just slap millennials with a 5% Patriotism Tax ...
Cobalt sinister center partner
  10/20/17
...
exhilarant people who are hurt
  10/20/17
...
curious garnet water buffalo indian lodge
  10/20/17
pension funding is LOL but not sure what you're saying here ...
topaz masturbator library
  10/20/17
the way i have seen it described is like a feedback loop. ...
Vivacious submissive stage affirmative action
  10/20/17
Pension systems aren't loading up on their municipalities' b...
topaz masturbator library
  10/20/17
feds probably bailout a portion
Nudist point
  10/20/17
raise taxes, cut down services and ask for bailout
Charismatic national security agency hissy fit
  10/20/17
death panels
Salmon pungent degenerate pistol
  10/20/17
California is FUCKED.
hairless bearded meetinghouse pocket flask
  10/20/17
that's why we are importing a third-world brown population. ...
overrated lodge queen of the night
  10/20/17
...
spruce shrine
  10/20/17
...
curious garnet water buffalo indian lodge
  10/20/17


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Date: October 20th, 2017 8:38 PM
Author: Vivacious submissive stage affirmative action

seems like most pension funds are a mix of equities and bonds, but some of the bonds are issued by the municipalities themselves, and are tied into the equity market anyway. even with dow 23K, a lot of pension funds are barely treading water. what happens if there is a "correction" at some point after this eight-year run?

(http://www.autoadmit.com/thread.php?thread_id=3770080&forum_id=2#34490992)



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Date: October 20th, 2017 10:50 PM
Author: mahogany big temple corn cake

states just raise taxes and repossess homes... all to make sure the BOOMERS who retired at 50 get paid

(http://www.autoadmit.com/thread.php?thread_id=3770080&forum_id=2#34491850)



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Date: October 20th, 2017 8:38 PM
Author: fishy irradiated striped hyena piazza

The schools and roads would turn to complete shit. Oh wait, that's already happened.

(http://www.autoadmit.com/thread.php?thread_id=3770080&forum_id=2#34490995)



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Date: October 20th, 2017 9:35 PM
Author: 180 deer antler

No one made you move to California.

(http://www.autoadmit.com/thread.php?thread_id=3770080&forum_id=2#34491376)



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Date: October 20th, 2017 8:39 PM
Author: flushed site roommate

Poors will riot and burn down certain areas.

(http://www.autoadmit.com/thread.php?thread_id=3770080&forum_id=2#34491002)



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Date: October 20th, 2017 8:44 PM
Author: Cobalt sinister center partner

Boomers will just slap millennials with a 5% Patriotism Tax to fund their yearly once-in-a-lifetime trip through Europe

(http://www.autoadmit.com/thread.php?thread_id=3770080&forum_id=2#34491039)



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Date: October 20th, 2017 8:59 PM
Author: exhilarant people who are hurt



(http://www.autoadmit.com/thread.php?thread_id=3770080&forum_id=2#34491140)



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Date: October 20th, 2017 9:52 PM
Author: curious garnet water buffalo indian lodge



(http://www.autoadmit.com/thread.php?thread_id=3770080&forum_id=2#34491474)



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Date: October 20th, 2017 8:47 PM
Author: topaz masturbator library

pension funding is LOL but not sure what you're saying here

"but some of the bonds are issued by the municipalities themselves, and are tied into the equity market anyway"

If you're saying NYC bonds would lose money when the stock market falls because NYC's pension system owns NYC bonds, that's not correct.

(http://www.autoadmit.com/thread.php?thread_id=3770080&forum_id=2#34491059)



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Date: October 20th, 2017 9:01 PM
Author: Vivacious submissive stage affirmative action

the way i have seen it described is like a feedback loop.

eg:

-illinois pension buys IL bonds

-IL is able to pay on those bonds because a rising stock market eases its overall financial situation to an extent

-stock market falls

-IL edges closer to insolvency and cannot pay on its bonds

-IL pension fund holding equities and bonds gets nailed twice (unpaid bonds + sinking equity returns)

(http://www.autoadmit.com/thread.php?thread_id=3770080&forum_id=2#34491149)



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Date: October 20th, 2017 9:50 PM
Author: topaz masturbator library

Pension systems aren't loading up on their municipalities' bonds. They are governed by prudent man type guidelines that prevent any significant concentration. Some governments are fucked due to their bonds and/or pensions, but not because of what you described

(http://www.autoadmit.com/thread.php?thread_id=3770080&forum_id=2#34491462)



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Date: October 20th, 2017 8:49 PM
Author: Nudist point

feds probably bailout a portion

(http://www.autoadmit.com/thread.php?thread_id=3770080&forum_id=2#34491069)



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Date: October 20th, 2017 8:53 PM
Author: Charismatic national security agency hissy fit

raise taxes, cut down services and ask for bailout

(http://www.autoadmit.com/thread.php?thread_id=3770080&forum_id=2#34491099)



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Date: October 20th, 2017 8:56 PM
Author: Salmon pungent degenerate pistol

death panels

(http://www.autoadmit.com/thread.php?thread_id=3770080&forum_id=2#34491120)



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Date: October 20th, 2017 9:00 PM
Author: hairless bearded meetinghouse pocket flask

California is FUCKED.

(http://www.autoadmit.com/thread.php?thread_id=3770080&forum_id=2#34491147)



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Date: October 20th, 2017 9:02 PM
Author: overrated lodge queen of the night

that's why we are importing a third-world brown population. they are used to third-world impoverishment, and they are too stupid/ineffectual to protest when this happens.

(http://www.autoadmit.com/thread.php?thread_id=3770080&forum_id=2#34491158)



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Date: October 20th, 2017 9:02 PM
Author: spruce shrine



(http://www.autoadmit.com/thread.php?thread_id=3770080&forum_id=2#34491161)



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Date: October 20th, 2017 9:52 PM
Author: curious garnet water buffalo indian lodge



(http://www.autoadmit.com/thread.php?thread_id=3770080&forum_id=2#34491469)