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By:  Sycraft (Administrators; 21103)
Posted on: 01-05-2009 10:09.
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No I'm not going to quit, I like my job. My point was, that if the stock market goes down, I have to pay more. The ASRS is a pension fund, meaning they guarantee a certain percentage of returns and so on. They way they do this is to balance member contributions with actual performance. Fund does better, you contribute less and take more home. Fund does worse, you contribute more.

So when the market tanks, I lose money. Not a lot, the ASRS is a large fund invested in many things and is very long term. However it costs me more when the market tanks. I have less money I can invest in what I want, or spend.

Just trying to point out that it isn't just "idiots" losing money. It isn't as though this whole thing hasn't had a much large effect.