Friday, August 19, 2016

A $6 Trillion Public Pension Hole
Article on the U.S. state public pension plan system, how it is a much bigger hole than you think .. pension plans for state & local government employees are in trouble across the U.S. .. "We are facing a gap of $6 trillion in benefits already earned and not yet paid for, several times more than the official tally." .. some of the problem is in the actuarial science of managing the pension plan funds .. "Plans are in trouble. Every year they are in deeper trouble. Many taxpayers are aware that state and local government pension plans are underfunded. They generally aren’t aware just how dire the situation is."
LINK HERE to the article

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