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Go Ahead, Make Our Pensions Disappear?
Pension Pulse Link to more items from this source
[Opinion]
Sept. 3, 2012
"[T]here are many reasons behind the funding shortfalls at public plans, chief among them is that governments neglected to top up these plans in the good years, erroneously believing that investment gains alone would do the magic. Now that they're confronted with the economic reality of low rates, low returns, everyone is clamoring to find ways to obtain the required rate of return, moving into alternative investments that haven't delivered anything close to what they were suppose to. The situation isn't hopeless but it's depressing watching the pension herd repeat the same mistakes over and over again[.]"

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