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The obligations of the fund extend beyond the "current valuation."

Very simply, when you calculate how a particular system is funded, you have to take into account actuarial assumptions about how...

I bet that the retiree contingent would activate damn quickly if a policy were put in place whereby the city de-fund retiree health care benefits to the extent necessary to fully fund the pension...

Thanks, Packman. I knew it was something pretty ridiculous.

I shocked that more people aren't harping on this, particularly retirees whose pensions are in grave danger.

Aren't the Detroit funds assuming something like 7% year over year growth?

If so, things are much worse than you or I can imagine. That's robbery.