Charles D. Ellis Interview (Replay):Masters in Business (Audio)
Masters in Business
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The Unfunded Obligation - Who's on the Hook?
Barry Ritzholtz: We've got what's called an unfunded obligation. He says if we're looking at a much lower rate of return, who's going to have to make up that shortfall? Because these are contractually guaranteed payouts as part of public employees employment contract,. Who's on the hook for that balance? he asks.
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