FYI: It is no secret that many public and private pension plans are significantly underfunded. A combination of changing demographics, lackluster investment performance and low interest rates have all played a part. The long-term solvency, regulation and investment performance of these plans are all being questioned. This is particularly so for taxpayer-funded U.S. public pension plans.
Regards,
Ted
http://www.etf.com/sections/index-investor-corner/swedroe-what-hampers-pension-plans?nopaging=1
