Will Anyone Retire????
WASHINGTON (MarketWatch) -- Pension assets declined by at least $1 trillion and may be down as much as $2 trillion over the past year and a half as the credit crunch tightened its grip on financial markets and the U.S. economy, the Congressional Budget Office reported Tuesday.
Remember, pensions were ALREADY underfunded by Trillions BEFORE the year started.
States Out of Money.
Cities Out of Money.
And Now Pension Funds.
Is anyone thinking ahead??????
Time to restructure NOW.....before its too late.