Via WRSA, but source and date unknown.
The Pension Bomb is a com'in.
Even after $800b in Obama Stimulus, which was used to shore-up pension funds rather than create jobs. . .
Are the pension plans THAT mismanaged? Have the pension managers been too busy with their power naps?
I suppose I am expected to make up the difference? Again?
Any chance, as I help out again, the govt might consider outlawing pensions all together and force everyone into an IRA or 401(k) instead?
More at the Economist.