Pension Crisis 273,000 Retirees could see Check cut in Half

Now for the truly frightening part. The Central States Pension Fund is only the tip of the iceberg. There are dozens, if not hundreds, of union, company, and government pension funds out there that do not have enough money.

Around one million pension fund beneficiaries around the country could see their benefits cut because funds simply do not have any money, The Washington Post reported.

Read more

America’s Public Pension Crisis

“Citizens and public officials typically under-appreciated the gigantic financial tapeworm that was born when promises were made that conflicted with a willingness to fund them,” Buffett wrote. That tapeworm now threatens to devastate dozens of American communities and ruin tens of thousands of lives.

Read more