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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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