Pension fall short
The Ontario Teacher's Pension has always been considered one of the richest, but it is short about 12% by recent calculations.
I've been saying that people don't pay into pension plans what they take out. I think the OTP has 7.5% contributions from employees and well as employers, which is a fairly high contribution rate, although the payout rate is excessive and certainly not paid for and could never be paid for with that level of contribution. The plan requires beating the market, as do many pensions.
I just read Big Picture. Was today's run started as an April Fool's joke.