I’m not quite as pessimistic as Shedlock. My analysis indicates approximate 3% returns over the next 8-10 years followed by returns averaging around 7% for twenty years or so after that.
There will be adjustments made to most pensions, but I doubt 80% will “fail”.
Newer employees will pay more into the funds, and payouts will be adjusted down. The worst of it will be the howling from the above-mentioned players.
I being serious for the moment. does anyone really believe the government is not going to seize all pensions in just a few years?