Alarming Study Finds US Public Pensions To Run Out Of Money By 2028
This is what happens when unions buy politicians who in turn promise unrealistic pension benefits to the unions that got them elected. But why worry? The Fed has already engineered a market recovery (AKA the market bubble).
A new, detailed study attempting to forecast the near term struggles of public pensions at the Center for Retirement Research at Boston College found: “Public plans with extremely low funded ratios in 2020 may face the risk of running out of assets in the foreseeable future if markets are slow to recover,” according to researcher Jean-Pierre Aubry.