Economy - Public pension plans are in serious trouble

Friday, March 19, 2010




1.	Democratic insider: Recovery is a government "sham"

2.	Little-known “Godfather strategy” can immediately change your life for the better

3.	Local governments in massive gun revolt against Washington




1.	CNBC anchor breaks SACRED network rule

2.	Porter Stansberry: The only stocks new investors should buy

3.	It's official: China now dumping the dollar

4.	Census threat: $5,000 fine if you don’t tell Big Brother everything

5.	Major newspapers running rumors of U.S. attack on Iran

Public pension plans are in serious trouble

Tuesday, November 10, 2009
Text Size:

From Forbes:

States and municipalities are in deep financial trouble. Pension performance has faltered. Over a trillion dollars worth of municipal pension fund assets have been erased in the recent market meltdown. The average public pension plan is 35% under-funded, and things are getting worse.

A wave of municipal bankruptcies could well follow. To avoid such a fate, there are three possible responses cities and towns can take to the problem of under-funded pension plans. None of them are appealing.

Read full article...

More Cruxallaneous:

Stop flying these airlines today

Doug Casey: Why getting an MBA is a stupid move

Former CNBC insider on how Wall Street screws everybody

Topics:		Economy \| Cruxallaneous

©2010 Stansberry & Associates Investment Research. All Rights Reserved. Protected by copyright laws of the United States and international treaties. This website may only be used pursuant to the subscription agreement and any reproduction, copying, or redistribution (electronic or otherwise, including on the world wide web), in whole or in part, is strictly prohibited without the express written permission of Stansberry & Associates Investment Research, LLC. 1217 Saint Paul Street, Baltimore MD 21202.

Home | About Us | Archive | Partner | RSS