GERS confronts growing gap between revenue and payments
This story sounds dangerous. When you start having these kind of shortfalls in a system where the total population is as small as it is, where is all that money supposed to come from? I am afraid for the future of people who have put all their eggs in the GERS basket. The relevant part of the story as it pertains to real estate:
Allowing the GERS board to invest in bonds rated BBB or better. Currently the system can only invest in AAA bonds. The bill also would allow more investment in real estate and alternative investments.
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