Monthly Archives: August 2018

National Pension Crisis Totals the German Economy

Pensions were an exchange for lower base salaries for public employees.  Now, that once promise is now not a guarantee.  Sarah Krouse reported in a Wall Street Journal article that the pension shortfall is the size of Germany’s economy.  This unknown national financial crisis is crippling all hope pensioners once had in a comfortable retirement.

The true state of pension shortcomings are jarring.  Kentucky’s pension plan covering the state employees is underfunded by 86%.  The city of Chicago, amid … Read More

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