Pontificating Pensions for Posterity
Something to ponder.........
From 1996 you can read 75 pages of all the financial calculations you want to chomp on (or not) leading to a simple conclusion that the then-proposed $300 million* pension bond of the 1990's will solve all the pension problems when projected out into the future.
That all worked out well.
* equivalent to ~$414 million in today's dollars.