Pensions: Underfunded, Underperforming and Unable to Pay…(If Not In Your Hands…You Don’t Own It!!)
SilverDoctors.com
July 22, 2016
Today, we learned that California Public Employees Retirement System (CalPERS), the largest pension fund in the country, is in very serious trouble and it appears the challenges they face may result in the same actions being taken as the Teamsters.
TND Guest Contributor: Rory Hall | The Daily Coin
As a lot of the long time readers of The Daily Coin are aware we have a close relationship with Fund Manager, long time Wall Street analyst and publisher of Investment Research Dynamics, Dave Kranzler. Over the past two years Dave has explained, on a number of occasions, the problems with pension funds throughout the U.S. This fact has been driven home during the past year as a couple of the larger pension funds, most notably one of the Teamsters funds, announced their funds were underwater and would be making very serious, very deep cuts in benefits to pensioners. Today, we learned the largest pension fund in the country is in very serious trouble and it appears the challenges they face may result in the same actions being taken as the Teamsters. I am not saying this is going to happen but the evidence, presented below, speaks for itself.
The Rest…HERE
