Pension funds are always underfunded. They’ve made promises they can’t keep. This goes for Europe, North America, and everywhere else in the world. The stock market rises, but the pensions do not. Well there comes a time in which governments or companies need to make difficult decisions. The approval is given and there goes your pension.
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ℹ️Sources Used in This Video ℹ️
https://goo.gl/UpprQe
Terms of Wabush settlement to include $18M payment towards pension shortfall | Benefits Canada
https://www.benefitscanada.com/news/terms-of-wabush-settlement-to-include-18m-payment-towards-pension-shortfall-114678
Pension clawback: my employer takes a cut of my pension and I can't stop them
https://www.lovemoney.com/news/74178/pension-clawback-state-deduction-hsbc-midland-retirement-payment-uk
What happens when your pension fund runs out of money
http://money.cnn.com/2018/05/07/retirement/pension-fund-cuts-teamsters/index.html
Some Union Retirees Could See Pension Benefits Cut 90%, PBGC Chief Warns
https://www.forbes.com/sites/tedknutson/2018/05/17/some-union-retirees-could-see-pension-benefits-cut-90-pbgc-chief-warns/#7ba49508769c
Wabush Mines pensioners finally have some hope | Regional | News | Northern Pen
https://www.northernpen.ca/news/regional/wabush-mines-pensioners-finally-have-some-hope-212126/
