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Morgan Housel, Motley Fool via USA TODAY
Jan. 8, 2014
"Is our corporate pension crisis over? Sort of. [A] more accurate observation is that these things constantly move in cycles. Pensions looked underfunded in the early 1990s. Then they were way overfunded in the late 1990s. Then they became strained in the early 2000s. Then they were overfunded again by 2007. Next came the half-a-trillion-dollar shortfall last year, and today, we're back to fairly healthy levels. Funding calculations rely on assumptions. Those assumptions are usually wrong, and they can change dramatically overnight."
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