Saturday, June 23, 2018

Pension stampede

As flood of baby boomers retire, Sacramento County struggles to start sending checks on time
It is a bit of a nuisance, locally for local reasons we have a sudden rush of retirees exercising their option.  The wait time to process paperwork has doubled.

If this carrier to a wider group then the Calpers pension manage no longer has the leisure of 'selling the peak', and he is stuck using short term lending as a bridge.

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