Thursday, May 7, 2015

Providence Pension scam may exceed $100 million








total arc due to plan  $540,000,000
 $54,000,000 <<<<< Average Float





       interest due to plan on  "float"  $45.3 Million







 actually paid to plan since 2006    $477,000,000











 $63,000,000  <<Shortage  after 10 years



 $45,300,000 interest on float city owes pension funds



 $108,300,000 TOTAL DUE TO Providence  PENSION PLAN






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