Police Pension Investments and the Cityi's unpaid liability

[thelakelander]

In fairness, we're all snowballs trying to survive a dance through Hell to develop the Shipyards into something Legolandy. The Killashee proposal also includes a "conventional" center. So if you're willing to purchase the property for me, I can squeeze one in the unicorn's belly. I can also show you some numbers after you put your money on the line. Some say it's risky, but this investment can make enough money to eliminate the pension liability. Want to make a deal!

[Charles Hunter]

In fairness, we're all snowballs trying to survive a dance through Hell to develop the Shipyards into something Legolandy. The Killashee proposal also includes a "conventional" center. So if you're willing to purchase the property for me, I can squeeze one in the unicorn's belly. I can also show you some numbers after you put your money on the line. Some say it's risky, but this investment can make enough money to eliminate the pension liability. Want to make a deal!

I think being in the unicorn's belly would make it "unconventional" ...  but it would pretty much "center" ...

Let me see if I understand the pension ...
I have an outstanding debt to Kay of $1000, and each year, it increases by $100.
Due to his obvious pension skills, I let icarus handle it for me.  I give him [?] $110/year - enough to cover the annual amount and work on retiring (heh) the old debt. He doesn't pay kay each year, he accumulates 3 years of my payments, and invests the $330 in thelakelander's unicorn center.  And loses it all.
I still owe Kay the old $1000, plus the $300 that accrued during the 'holiday' when icarus stockpiled her money that I'd given him. 
Another year has  gone by, so I owe Kay $1400.  I have already paid $330 meant for Kay, but icarus made a risky investment, and lost it.  I don't OWE Kay any more than I ever owed her, but I have PAID more than I originally owed her. ($1730 if I pay her off now).

[SunKing]

In fairness, we're all snowballs trying to survive a dance through Hell to develop the Shipyards into something Legolandy. The Killashee proposal also includes a "conventional" center. So if you're willing to purchase the property for me, I can squeeze one in the unicorn's belly. I can also show you some numbers after you put your money on the line. Some say it's risky, but this investment can make enough money to eliminate the pension liability. Want to make a deal!

I think being in the unicorn's belly would make it "unconventional" ...  but it would pretty much "center" ...

Let me see if I understand the pension ...
I have an outstanding debt to Kay of $1000, and each year, it increases by $100.
Due to his obvious pension skills, I let icarus handle it for me.  I give him [?] $110/year - enough to cover the annual amount and work on retiring (heh) the old debt. He doesn't pay kay each year, he accumulates 3 years of my payments, and invests the $330 in thelakelander's unicorn center.  And loses it all.
I still owe Kay the old $1000, plus the $300 that accrued during the 'holiday' when icarus stockpiled her money that I'd given him. 
Another year has  gone by, so I owe Kay $1400.  I have already paid $330 meant for Kay, but icarus made a risky investment, and lost it.  I don't OWE Kay any more than I ever owed her, but I have PAID more than I originally owed her. ($1730 if I pay her off now).

This exactly sums up the claim, charles.

Thanks for finally getting to the nature of this belief out there.

What has been asked for from the beginning is some proof that this is indeed how it works.

Which is exactly why the City should sell the property to the highest cash bidder.  The valuation to the pension fund is absolutely meaningless.