Here's How Government Pension Funds Are Trying To Close Their $7 Trillion Funding Gap

https://www.sovereignman.com/trends/heres-how-a-few-government-pension-funds-are-trying-to-close-their-7-trillion-funding-gap-22250/

There may perhaps be no other group of investors that’s more DESPERATE today than pension funds.
Pensions, of course, are the giant funds responsible for paying out retirement benefits to workers.
The idea is that both the employer and the employee typically contribute a set percentage of the employee’s salary throughout his or her career with the promise that, upon retirement, he or she will receive a fixed monthly payment.
Many state and local governments rely on these ‘defined benefit’ pension pension plans, as do a handful of large corporations.
The reason that these pension fund are so desperate is that the vast majority of them are underfunded.
We talk a lot of about how Social Security is rapidly running out of money.
But according to Credit-rating agency Moody’s, state and local government pension plans are also $7 trillion short in funding.
And corporate pension funds are underfunded by $375 billion.