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22,947 Posts.

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29/03/20

21:49

Post #: 43764101
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Originally posted by Furpo2: ↑

The unfunded liabilities started in the public sector.

But cashing out at the bottom
is a bad deal for the superfund too.

Both wife and I have allocated pension.
We live and have holiday money.

Your point that if a lot of people convert to cash at the bottom
The super fund can be depleted.
Is obviously correct.

There are finite amounts of both
cash and value.

No one has seen a crisis like this.
I enjoyed your thought
with its implications.

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Yes but the public sector has us to tax to pay them.
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