If you are relying on a pension fund at some point in the future, you may encounter some unforeseen difficulty. There have been massive levels of manipulation of the numbers with pension plans. They have tweaked them to ensure they meet the guidelines and even fail to do that. When you look at the numbers for real, you see that they are only worse than ever imagined.
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The State of State Teachers’ Pension Plans - The New York Times
https://www.nytimes.com/interactive/2017/03/06/business/dealbook/state-teachers-pensions.html
In Puerto Rico, Teachers’ Pension Fund Works Like a Ponzi Scheme - The New York Times
https://www.nytimes.com/2017/03/08/business/dealbook/puerto-rico-teacher-pensions.html
A $76,000 Monthly Pension: Why States and Cities Are Short on Cash - The New York Times
https://www.nytimes.com/2018/04/14/business/pension-finance-oregon.html
$1.6 Million Bill Tests Tiny Town and ‘Bulletproof’ Public Pensions - The New York Times
https://www.nytimes.com/2016/10/10/business/dealbook/1-6-million-bill-tests-tiny-town-and-bulletproof-public-pensions.html
A Sour Surprise for Public Pensions: Two Sets of Books - The New York Times
https://www.nytimes.com/2016/09/18/business/dealbook/a-sour-surprise-for-public-pensions-two-sets-of-books.html
Bad Math and a Coming Public Pension Crisis - The New York Times
https://www.nytimes.com/2015/07/09/business/bad-math-and-a-coming-public-pension-crisis.html
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Good point. But I wonder if USD is going to be devalued so much that the pension plan can probably keep going. That is inflation run at double digits per year and the increase in premium can keep up with the pay out and of course the actual purchasing power is not there.
I know I get very frustrated trying to talk sense into relatives that have bought that they’re getting pensions from the communist state of Illinois . One worked for Chicago and the other works for the state . I have more , but these are two of the closest examples . While at a birthday party we had a conversation about it and it turned it to a bit of a spat . As one of my relatives even accused me of being jealous ⁉️🤦🏼♂️ WOW ... REALLY❓Anyhooo I kept telling them to just go to your site and the site of others saying the same thing . But even this is not a deturant for these imbeciles in my family with one of the sons saying to me ‘Your wrong my mother is going to get her pension❗️” Like I was trying to offend her or something . And here is the most fucked up part . They will be at my door asking me to help when the shit hits the fan , and because they’re my family and I’m AN IDIOT I will be taking them in . 🤦🏼♂️ GOD help me find some patience🙏 Great report , and yeah I post on their social media’s so they can see for themselves , but when I sit down and think about it , I just don’t know what can be done right now about it . Thanks again ⁉️🤫 Right ⁉️ 🙏👏👍