California Owes $1 Trillion in Pension Obligations Archives

America’s $2 Trillion Public Pension Crisis

December 14, 2016 daniel $1.43 trillion in pension obligations, $1.91 trillion pension shortfall, $2 Trillion Public Pension Crisis, alternatives to pension systems, America’s $2 Trillion Public Pension Crisis, California Owes $1 Trillion in Pension Obligations, California Public Employees’ Retirement System, CalPERS, Cut pension benefits, deferred maintenance, Eliminate pensions, elimination of the pension system, Expand Social Security, How the Pension Crisis Hurts Communities, Pension Benefit Guaranty Corporation, Some Potential Solutions for the Public Pension Crisis, Why nobody wants to talk about the Public Pension Crisis

The ultimate nightmare of the public pension crisis would be governments suddenly stop paying pensions. Under that scenario some retirees would go from a comfortable retirement with a boat and a second house on the lake to sleeping on their children’s couch.