We live in precarious times, in many, many ways. But if you've got the attention span to at least look beyond the increasingly tragic daily headlines, you probably see a less newsworthy calamity on the horizon – that being the collective chaos of America's retirement plans.
I secretly suspect that the recent furor over that huge Powerball jackpot was partially the sound of the entire nation saying, "yes, I will admit it: Winning the lottery really is my retirement plan."
So it comes as a bit of a shock – especially when we hear that the country's public pension systems are so drastically and systematically underfunded that Illinois Gov. Pat Quinn has to use a cartoon snake to get anyone to notice – that some folks are walking into retirement with $600,000 checks as part of their public employee retirement package.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
- Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.