[mondoman]

The impact of retiring Baby Boomers and the failing heath of corporate pensions as well as the dubious future of Social Security is on the near horizon.

On Tuesday, The New York Times reported that an independent analysis suggests the agency will run out of money in 2020 if the current financial situation continues.

Pension experts are concerned the PBGC might require a massive bailout from taxpayers in order to continue sending checks to retirees.

[snopercod]

BOHICA. The federal pension guarantee "fund" is similar to the social security fund. There isn't anything in it other than a claim on the U.S. taxpayer.

[devolve]