The Year of Pension Meltdowns?
"Last year we watched 401k’s deflate. This year looks like the year of pension fund implosions, an article says. Federal law requires funds to have enough money to pay all their retirees. Yet with markets way down, more than two-fifths of big-company plans “are nowhere close to meeting that standard, and those dire numbers are increasing.” The politically driven “social investing” of public pensions makes matters worse."
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