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View Diary: States starting to take action on retirement security (42 comments)

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  •  bonds? (0+ / 0-)

    Can not a state borrow money via bonds?

    “cause the State of Oregon to incur any liability or obligation for the payment of savings or benefits earned by plan participants.”

    and so define the worker's 3% as some way of buying bonds over time, with a low rate but guaranteed return at retirement time.  Meanwhile the State gets to work with the money without having gone to the moneylenders and presumably has its act together to pay off bonds as they are due,  just like in real life.

    But I don't actually know anything about this kind of stuff, so I'm just asking.

    don't always believe what you think

    by claude on Sat Jul 06, 2013 at 08:47:18 PM PDT

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