Pension Funding Shortfalls Will Impact Everyone!

The severe underfunding of public pensions will significantly impact all of us. The situation is brewing in many states and cities. Just look at Dallas, with last year’s underfunded pension liability estimated at $1.2 billion. The situation is made worse following a 12.5% loss in the market during 2015.

So, who’s gonna pay for this mess? You, the taxpayer, that’s who.

In fact, pension problems will likely impact every U.S. taxpayer at a mind-blowing rate. And that’s true even if they are not directly connected to state and local pension programs.

Think about this …

A key factor in Detroit’s bankruptcy was unaffordable pension costs. Other cities that have “gone under” in recent memory include: Vallejo, Stockton and San Bernardino.Money and Markets