[hflynn]

Overstuffed pension funds from public union coercion.

New York City pension funds are overstuffed with unfunded pension liabilities IOUs.

Estimates as of 2024-2025 vary from $42 billion to over $142 billion in pension liabilities when using more realistic, lower ROI assumptions.

[9YearLurker]

Haircuts coming to SS and government pension funds alike, I imagine.