Monday, December 19, 2016

The $6 Trillion Public Pension Hole That We’re All Going To Have To Pay For

The $6 Trillion Public Pension Hole That We’re All Going To Have To Pay For

December 19, 2016 The $6 Trillion Public Pension Hole That We’re All Going To Have To Pay For , 0 Comments


By Market Watch, Aug. 20, 2016 

U.S. state and local employee pension plans are in trouble — and much of it is because of flaws in the actuarial science used to manage their finances. Making it worse, standard actuarial practice masks the true extent of the problem by ignoring the best financial science — which shows the plans are even more underfunded than taxpayers and plan beneficiaries have been told.

The bad news is we are facing a gap of $6 trillion in benefits already earned and not yet paid for, several times more than the official tally.  
Read More: http://www.marketwatch.com

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