If you are relying on a pension fund at some point in the future, you may encounter some unforeseen difficulty. There have been massive levels of manipulation of the numbers with pension plans. They have tweaked them to ensure they meet the guidelines and even fail to do that. When you look at the numbers for real, you see that they are only worse than ever imagined.
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ℹ️Sources Used in This Video ℹ️
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The State of State Teachers’ Pension Plans - The New York Times
https://www.nytimes.com/interactive/2017/03/06/business/dealbook/state-teachers-pensions.html
In Puerto Rico, Teachers’ Pension Fund Works Like a Ponzi Scheme - The New York Times
https://www.nytimes.com/2017/03/08/business/dealbook/puerto-rico-teacher-pensions.html
A $76,000 Monthly Pension: Why States and Cities Are Short on Cash - The New York Times
https://www.nytimes.com/2018/04/14/business/pension-finance-oregon.html
$1.6 Million Bill Tests Tiny Town and ‘Bulletproof’ Public Pensions - The New York Times
https://www.nytimes.com/2016/10/10/business/dealbook/1-6-million-bill-tests-tiny-town-and-bulletproof-public-pensions.html
A Sour Surprise for Public Pensions: Two Sets of Books - The New York Times
https://www.nytimes.com/2016/09/18/business/dealbook/a-sour-surprise-for-public-pensions-two-sets-of-books.html
Bad Math and a Coming Public Pension Crisis - The New York Times
https://www.nytimes.com/2015/07/09/business/bad-math-and-a-coming-public-pension-crisis.html
