Public Pension Liabilities cannot last. The funds have been promised but there is no money in the bank. What will it mean for you and your loved ones, that when you expect and need it most, the money is not there?
Between growing payouts, dwindling contributions, non-existent interest on investments, and the inevitable bear market slashing away at the pension fund assets...
There is literally no chance the funds are paid out as promised: Plan accordingly.
PragerU - We Need to Talk About Public Pension Liabilities
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One Word, "Unsustainable."
Most Pension funds are going after higher yields assuming unnecessarily risky Investments if they are dealing with Zero Interest cash/bond returns, and when the recession hits it will be ugly.
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That's exactly right. Chasing higher yields into riskier and riskier investments, and when the US market goes down 20% (or 80%), the investments will be downgraded, forcing the fund to sell, and that's the beginning of the end of that.
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