Monthly Archives: September 2017

Investment Expert Reports Pension Underfunding Crisis in America

A recent study published by the respected Chairman of J.P. Morgan’s Market and Investment Strategy, Michael Cembalest, evaluates the current pension-funding deficit across the U.S. State and local governments are trending towards inadequate funding for pensions obligations. However, this kick-the-can approach is running out of road and someone needs to pick up the tab. Pension fund forecasts are misguided by over realisticreturns that create a wide gap between assumption and reality leaving pensions and taxpayers to pay the burden of … Read More

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Pension Funding Shortcomings Mean Large Tax Hikes

Author and syndicated columnist Dr. Glenn Mollette recently opined on the state of the U.S. pension system where he accurately described the country’s mounting pension funding struggles. Without adequate pension fund returns, the instability of our pension system forces our nation’s retirees back into the workforce. Dr. Mollette described the aging workforce in entry-level positions to get a paycheck in order to make due. This sad reality for some seniors becomes commonplace when pension funds are not adequately funded. It … Read More

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States Over Promise and Under Fund Pension Plans

Pension plans are a guaranteed promise to retirees that dedicate to a career in public service. Many individuals and families depend on these pension plans as means for retirement. For theses thousands of individuals and families relying on the public service package, it is unsettling to find the majority of state pension plans are not adequately funded. In 2016, Kentucky funding ratio is at 30.9 percent with a total pension liability of $243.6 billion. The widening gap in pension … Read More

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