The Dallas pension fiasco could happen in your state or city too
Posted: Sun Feb 05, 2017 1:19 pm
Market Watch - 2/5/2017 - Jonathan Rochford - The recent blow-up of the Dallas Police and Fire Pension System was entirely predictable. While it is tempting to blame unusual circumstances for the recent freeze of redemptions and likely substantial reductions to pensions for those still in the fund, many other American pension funds are heading down the same road. The combination of overpriced financial markets, inadequate contributions and overly generous pension promises mean dozens of U.S. local and state government pension plans will end up in the same situation in the coming decade. So what happened in Dallas and why will it happen elsewhere? Read more @ http://www.marketwatch.com/story/the-da ... 2017-02-04