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"We could invest the whole fund today but you want to average in," said Mr. Furst.
Savers can withdraw the whole fund at once, or take sums out as allowed by their pension provider.
It is possible to transfer the whole fund to a private pension scheme in the new home country, which would remove the currency risk.
However,.65 percent of GDP would make no difference to Greece today; and by the authors' back of the envelope calculations the intervention needed would eat up the whole fund just for a small country like Greece.
"Although the legal title to the whole fund no doubt is in the State, the [contingent fee attorneys] have equitable rights to that portion of the same which represents their fee.
"One of the problems with the whole fund industry is that people buy into the last quarter's or last year's hottest performers," said Charles Creighton, a financial planner at Equity Services Inc. in Broomall, Pa.
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Still, the whole funding mess stinks, and it seems to get worse by the day.
The expectation is that the whole funding methodology will change for 2006-07, he says.
He described the whole funding process as "like nailing jelly to a wall".
Certainly, the whole funding issue is not something that can be looked at in isolation.
"For the UK NHS as a whole funding will be cut in real terms by 2014-5," he added.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com