Exclusive: Study shows $1.2 trillion gap for public pensions - Yahoo! Finance
The largest 100 public pension funds have around $1.2
trillion of unfunded liabilities, about $300 billion above the nearly
$900 billion they reported themselves, according to a new actuarial
study to be released on Monday.
The pension systems reported a median funding level of
75.1 percent. The study by the actuarial firm Milliman, which used
different ways to value assets and measure liabilities, finds an
aggregate level of funding of 67.8 percent.
Key thing here folks, is to save you're own money when you can if you can. The pension you have been paying into for the last 30 years or what have you, just might not be there when the time comes and you need it. My method of savings, Precious Metals, but of course I am bias :)
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