“Pension Magic” “Pension Magic”in Floridain Florida
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Orlando Sentinel –July 7, 2010
"Warren Buffett would close down his shop and givehis money to the city of Orlando" if it could get 8ercent sas Edward Siedle a former federalsecurities lawyer and president of Benchmark Financial Services in South Florida.
Cities like Orlando have three choices, Siedle says.1)"They can cut benefits, with is politically unacceptable”,2)"They can increase contributions from the employer and” , .3)“The third choice is called magic. That's what publicpension funds across the country are doing, coming upwith magic.”