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pension funds

01/04/2017 / By JD Heyes

Mathematics proves that California’s pension system will collapse… here’s why

There’s nothing going on here. Nothing to see. Move on. Things are under control. That’s what anyone who makes an inquiry about California’s critically unstable public pension system is told. ‘We got this. No worries.’ That’s because if state government officials and pension managers were being truthful, the system would completely collapse tomorrow—instead of, just, […]

04/13/2016 / By usafeaturesmedia

TIME BOMB: $3.4 trillion pension funding shortfall threatens to bankrupt cities and leave millions shortchanged

(BigGovernment.news) U.S. public pension systems throughout the nation face a mindboggling $3.4 trillion funding deficit that is putting tremendous financial pressure on cities and states to either dramatically cut back on spending and services or raise taxes big time in order to avoid bankruptcies and defaults. As reported by the Financial Times, academic research shared […]

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