Welcome Guest

Are pension liabilities and typical expenses like assets

Posted on: April 7, 2021 at 20:39:52 CT

SparkyStalcup MU

Posts:

24001

Member For:

12.47 yrs

Level:

User

M.O.B. Votes:

to money? No? Of course not, they are not assets. So your question has nothing to do with fungibility.

Perhaps you should ask a different question. In some cases, states can use general fund money for many different cases. Pension fund money is not typically paid out of the general fund. Also, the recent relief act prohibits the state aid funds to be used to pay pensions.

Get back to me when you learn how fund accounting works.

Please explain why this message is being reported.

REPLY

MESSAGE THREAD

No wonder states like Illinois are financial messes... - MUTGR MU - 4/7 18:47:35

Peanuts... - TigerMatt - 4/7 19:28:37

Gvmt is a scam - pickle MU

- 4/7 18:55:45

Yes, agreed. nm. - MUTGR MU - 4/7 21:07:45

RE: No wonder states like Illinois are financial messes... - scan MU - 4/7 18:51:31

Except that pensions were not the primary purpose of the - SparkyStalcup MU - 4/7 18:55:11

Do you believe in the concept that money - Bulldog Bob Brown STL - 4/7 19:25:51

Of course it is. It can be exchanged for assets of the same - SparkyStalcup MU - 4/7 19:35:10

Good. Do you think in its fungibility a state - Bulldog Bob Brown STL - 4/7 19:44:25

Are pension liabilities and typical expenses like assets - SparkyStalcup MU - 4/7 20:39:52

"Prohibits state aid funds to be used to pay pensions" - Bulldog Bob Brown STL - 4/8 04:44:51

RE: Except that pensions were not the primary purpose of the - scan MU - 4/7 18:57:22

State budgets were strained a lot because of unemployment - SparkyStalcup MU - 4/7 19:08:16

RE: State budgets were strained a lot because of unemployment - scan MU - 4/7 19:38:32

Actually, the bill specifically prohibits the funds from - SparkyStalcup MU - 4/7 20:42:57

The city of St Louis is going to get $500M+ out of the - Bulldog Bob Brown STL - 4/8 05:00:30

I read somewhere that there are retired HS superintendents - MU-TULSA MU - 4/7 18:50:35

AR allowed teachers to retire at 75% of max pay - tigerinhogtown STL - 4/7 19:14:49

The Columbia Public Schools superintendent makes 220k. That - SparkyStalcup MU - 4/7 19:11:57

Not that is a good thing but its better than - JG A - 4/7 18:52:02