Now that the stock market is higher than it's been since 2007, how is the Stanislaus County Employees Retirement Association doing? There were front page stories when the county took money away from the retirees and employees to pay its own bills, claiming the unfunded liability caused by the stock market collapse made the employer contributions so much higher when the fund lost 40 percent of its value in 2009.
Well, what's the status now? The fund gained more than it lost since then. Where's the front page story about how much the unfunded liability has lowered? Where's the Jim DeMartini quote about how he overreacted to a short-term incident in a long-term plan?