This long article from ValueWalk reviews the general state of pension funding percents for the Fortune 1000 that has gone from 99% in 2006, to 80% in 2016. The number that stands out for the total underfunding dollars in pensions, is now $3.9Trillion.
While there are no predictions for the future, the overall picture of the current situation deserves some attention.
Later in the article, there's a discussion of the underfunded Chicago Teachers' pension plan, is already costing Illinois citizens more than one billion dollars a year beyond the plan's payments.
https://www.valuewalk.com/2017/09/us-pension-funds/
I recall back in 1983, when the Chicago School System was so over funded that the decision was made to reduce the amount in the fund by 15% and to return those dollars to the stockholders.
The part about government pension funds is interesting...
A long..... article. Touches on many aspects and many different plans.
While there are no predictions for the future, the overall picture of the current situation deserves some attention.
Later in the article, there's a discussion of the underfunded Chicago Teachers' pension plan, is already costing Illinois citizens more than one billion dollars a year beyond the plan's payments.
https://www.valuewalk.com/2017/09/us-pension-funds/
I recall back in 1983, when the Chicago School System was so over funded that the decision was made to reduce the amount in the fund by 15% and to return those dollars to the stockholders.
The part about government pension funds is interesting...
A long..... article. Touches on many aspects and many different plans.
