I know we discuss Social Security and discount the projected income to accommodate the risk. Have people with non-federal public pensions discounted further based upon the very shaky projections?
"Pension plans covering the employees of state and local governments are in trouble throughout the U.S. The California cities of San Bernardino, Stockton, and Vallejo filed pension-fueled bankruptcies in recent years. Illinois and New Jersey have become the poster states for public pension plan troubles, while Kentucky and Connecticut plans may be even more poorly funded."
Forbes Welcome
Where Are The Screaming Actuaries?
"Pension plans covering the employees of state and local governments are in trouble throughout the U.S. The California cities of San Bernardino, Stockton, and Vallejo filed pension-fueled bankruptcies in recent years. Illinois and New Jersey have become the poster states for public pension plan troubles, while Kentucky and Connecticut plans may be even more poorly funded."
Forbes Welcome
Where Are The Screaming Actuaries?
Last edited: