Letter Re: Many Pension Funds are Doomed
Jim: The following article is one example of why “dot gov” will basically collapse, at every level. The threat is faced by teachers and all public service employees et cetera. All of their “retirements” are doomed. Fort Worth pension bubble will blow up in our faces You don’t have to be an actuary to know that this pension plan will end badly. The technical phrase is “trending toward insolvency.” The key problem is that the city is on the hook for all the promised benefits. Taxpayers will have to pony up hefty contributions for years, even generations, and the city …