tag:blogger.com,1999:blog-33431390.post3111935044536561914..comments2024-03-26T11:07:03.496-04:00Comments on Ed Notes Online: Q&A on NYC Pensionsed notes onlinehttp://www.blogger.com/profile/15018047869059226777noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-33431390.post-1395738224029279832008-09-20T15:58:00.000-04:002008-09-20T15:58:00.000-04:00"cannot fall below 7% ever!"The 7% rate is in the ..."cannot fall below 7% ever!"<BR/><BR/>The 7% rate is in the constitution which can be amended, something which will not likely happen unless things get so bad the pressure builds to do so. Expect a witch hunt - "look at those obscene interest rates while everyone else suffers" kind of stuff.ed notes onlinehttps://www.blogger.com/profile/15018047869059226777noreply@blogger.comtag:blogger.com,1999:blog-33431390.post-59282657425927078552008-09-20T15:48:00.000-04:002008-09-20T15:48:00.000-04:00Let's get something straight here.The TDA's 8.25% ...Let's get something straight here.<BR/><BR/>The TDA's 8.25% interest rate is set until June 2009 and cannot fall below 7% ever! The State is responsible for any shortfall to the fixed fund. The only way our TDA is at risk is if the State defaults and declares bankruptcy....Which has never happened in New York State because of its taxing authority.<BR/><BR/>The same goes for our pensionsChazhttps://www.blogger.com/profile/09964739497720364749noreply@blogger.com