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