Pension funds will be cut. We have to understand that this is going to CONTINUE to happen. People don’t realize this. But unfortunately it’s just a matter of time. The next recession will guarantee the loss of many pension dollars.
Are you concerned about the losses of pensions either for yourself, family members, friends, etc?
If you are relying on a pension fund at some point in the future, you may encounter some unforeseen difficulty. There have been massive levels of manipulation of the numbers with pension plans. They have tweaked them to ensure they meet the guidelines and even fail to do that. When you look at the numbers for real, you see that they are only worse than ever imagined.
The State of State Teachers’ Pension Plans – The New York Times
In Puerto Rico, Teachers’ Pension Fund Works Like a Ponzi Scheme – The New York Times
A $76,000 Monthly Pension: Why States and Cities Are Short on Cash – The New York Times
$1.6 Million Bill Tests Tiny Town and ‘Bulletproof’ Public Pensions – The New York Times
A Sour Surprise for Public Pensions: Two Sets of Books – The New York Times
Bad Math and a Coming Public Pension Crisis – The New York Times