Sunday, February 25, 2018

Is CalPERS Insolvent ???

According to this report it nearly is:

https://www.zerohedge.com/news/2018-02-24/former-calpers-board-members-shocking-admission-calpers-near-insolvency-it-needs

Most US pension plans are in big trouble, and I doubt they all can be bailed out.

1 comment:

  1. Here is a German take on the problem:

    https://deutsche-wirtschafts-nachrichten.de/2018/03/02/groesster-pensionsfonds-der-usa-steht-vor-dem-bankrott/ [translation required]

    Note that ALL our retirement funds used to be fully funded, until Congress changed the rules to allow "the right people" to steal our money from them.

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