With low interest rates and market volatility taking a toll on pension asset holdings, pensions are no longer the sure thing many thought they were. In fact, more and more public pensions are suffering as they try to keep up with obligations.
And the thought of not having enough to live on once they retire is haunting more and more of the millions of public employees who will, and do, depend on those pensions. In fact, with approximately 10,000 Americans turning 65 each day, the day of reckoning draws nearer and nearer.
And a day of reckoning it will be. Many public pensions have failed to make obligatory contributions over the years.
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.
