The Dallas Pension Fiasco Is Just The Beginning

Tuesday, January 17, 2017
By Paul Martin

by Jonathan Rochford via Narrow Road Capital,
Jan 17, 2017

The recent blow-up of the Dallas Police and Fire Pension System was entirely predictable. The combination of overpriced financial markets, inadequate contributions and overly generous pension promises mean dozens of US local and state government pension plans will end up in the same situation.

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