Post by Logan on Feb 1, 2016 18:27:10 GMT -6
Pension Fund's woeful return on investment will leave taxpayers hurting
Let's say you count on earning $360,000 a year to take care of your many dependents, pay the bills, and stay afloat.
You got lucky from 2010 to 2014, when you averaged about $552,000 a year. You were so flush that, in 2015, you gave your dependents a little extra, about $61,100.
But last year, you saw your earnings slashed to $36,800. And to make matters worse, this year your earnings will be less, way less.
And all along, however, the bills have to be paid, only they'll be higher this year.
Read more: www.philly.com/philly/news/20160201_Pension_Fund_s_woeful_return_on_investment_will_leave_taxpayers_hurting.html
Let's say you count on earning $360,000 a year to take care of your many dependents, pay the bills, and stay afloat.
You got lucky from 2010 to 2014, when you averaged about $552,000 a year. You were so flush that, in 2015, you gave your dependents a little extra, about $61,100.
But last year, you saw your earnings slashed to $36,800. And to make matters worse, this year your earnings will be less, way less.
And all along, however, the bills have to be paid, only they'll be higher this year.
Read more: www.philly.com/philly/news/20160201_Pension_Fund_s_woeful_return_on_investment_will_leave_taxpayers_hurting.html