The Trillion Dollar Pension Problem | Policy Stories

Left unchecked, swelling pension deficits estimated at over $6.5 trillion could eventually bankrupt state economies and hurt public services like infrastructure and education, negatively impacting the lives of all Americans. Alternative retirement plans can provide a lifeline to governments and households. Transitioning workers to sustainably-structured retirement plans like a 401(k) allows states to save money and remain solvent, and still provide employees with reliable benefits and financial security.
Be sure to visit The Hoover Institution at www.hoover.org/ and PolicyEd at www.policyed.org/
Check Out More from Oliver Giesecke:
Read "How Much Do Public Employees Value Defined Benefit Versus Defined Contribution Retirement Benefits?" by Oliver Giesecke and Joshua D. Rauh here:
www.hoover.org/research/how-m...
Read "Public Pensions Are Mixing Risky Investments with Unrealistic Predictions" by Oliver Giesecke and Joshua D. Rauh here:
www.gsb.stanford.edu/insights...
Read "Trends In State And Local Pension Funds" by Oliver Giesecke and Joshua D. Rauh here:
www.hoover.org/research/trend...

[@mariadrukker2557]

Many pension funds are grappling with underfunding issues, jeopardizing the financial security of retirees. This crisis stems from factors such as aging populations, low-interest rates, and inadequate fund management strategies.

[@harvardsmithdeangelo6905]

Come on guys, that's what the needles are for.

[@canadaclub8920]

There shouldn't be any "pension deficits", or is that a nice sounding word for corruption and mismanagement?

[@MFJoneser]

cool stuff eh

[@williamfox1146]

Stop bankrolling pensions for Ukraine.

[@LisaMitchell-kn7vo]

I'm favoured, $60k every week! I can now give back to the locals in my community and also support God's work and the church. God bless America

[@melia588]

I'm favoured, $60k every week! I can now give back to the locals in my community and also support God's work and the church. God bless America!!!

[@Bethany391]

I'm favoured, $60k every week! I can now give back to the locals in my community and also support God's work and the church. God bless America...