[1Old Pro]

With tens of trillions in unfunded liabilities

Public/Government defined benefit plans were built on lies and fraud. Those public officials and union leaders that made these impossible promises in return for votes should be prosecuted for fraud.

[GraceG]

The last 20 years had children moving back into the houses of their parents, the next 20 years will be parents moving into the houses of their more successful children.

[DannyTN]

Without something that states the scope of the problem and how it's worse than ever, I don't think it's an issue. For several reasons:

• Companies shifted to 401k's away from pensions years ago.
• Probably many municipalities have also.
• The stock market is booming.
• We've got the most business friendly administration in government since Reagan...possibly more friendly than that.
• The national debt has started coming down.

[DannyTN]

Without something that states the scope of the problem and how it's worse than ever, I don't think it's an issue. For several reasons:

• Companies shifted to 401k's away from pensions years ago.
• Probably many municipalities have also.
• The stock market is booming.
• We've got the most business friendly administration in government since Reagan...possibly more friendly than that.
• The national debt has started coming down.

[DannyTN]

Without something that states the scope of the problem and how it's worse than ever, I don't think it's an issue. For several reasons:

• Companies shifted to 401k's away from pensions years ago.
• Probably many municipalities have also.
• The stock market is booming.
• We've got the most business friendly administration in government since Reagan...possibly more friendly than that.
• The national debt has started coming down.

[Alberta's Child]

I've said for a long time that there's a big reason why this country is hell-bent on importing people from all over the planet:

We need at least two generations of fools to pay these liabilities.

[Opinionated Blowhard]

Not sure why they are lumping private and public pensions together. Under ERISA, private pension plans need to be fully funded based on certain current value calculations so private pensions can’t play the games that public pensions can play. The trustees of private pensions could be personally liable if they did.

Public pensions, on the other hand, are a disaster. They can play games by inflating the value of assets based on artificially high projections of short and long term market returns. California has been doing it for years. Their entire system is in a lot of trouble. But, that is a state-by-state issue. As long as the Feds resist bailing out states, you won’t get saddled with another state’s pension liability. And with Republicans in charge, I doubt they will have some national pension bailout bill on the agenda.

[bigbob]

Some pension plans are much better funded than others.

[blam]

Watch real close. Democrats and RINO's will try to get federal government bailouts with your tax money....no matter that you may not have a pension, you'll pay for the other guy to have one.

BTW, Lois Lerner's $102,600 a year government pension is unaffected.

[minnesota_bound]

I say we have all that pension money shifted over to the state and federal gov’t.
They will wisely know what to do with all that money.....