You were hoping for your pension und to be there for you when you retire. That was a pleasant dream. But I’m here to bring you back to reality. The cuts have come. More cuts are coming. There’s no other option.
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Sources Used in This Video:
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Next Crisis in Finance May Be Public Pensions, $1.2 Trillion Asset Manager Says - Bloomberg
https://www.bloomberg.com/news/articles/2018-02-12/next-crisis-in-finance-may-be-public-pensions-pgim-s-hunt-says
2017 Public Pension Funding Study
http://www.milliman.com/uploadedFiles/insight/Periodicals/ppfs/2017-public-pension-funding-study.pdf
California Governor Candidates Dodge Pension Cuts That Brown Foresees - Bloomberg
https://www.bloomberg.com/news/articles/2018-02-07/california-governor-candidates-dodge-pension-cuts-brown-foresees
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Sears case shows the risk of defined benefit pensions for employees - Business - CBC News
http://www.cbc.ca/news/business/sears-pension-reduced-1.4289380
Christie panel says only benefit cuts can fix New Jersey Pension Fund - Pensions & Investments
http://www.pionline.com/article/20171206/ONLINE/171209896/christie-panel-says-only-benefit-cuts-can-fix-new-jersey-pension-fund
Ohio's biggest pension fund starts talking benefit cuts
http://www.daytondailynews.com/news/ohio-biggest-public-pension-fund-looking-benefit-cuts/FCmtalYakFX3b3givyEDvO/
