The 1%: Illinois' Pension Millionaires
• https://www.zerohedge.com by Austin BergMore than 129,000 Illinois public pensioners will see expected payouts of $1 million or more during retirement.
Contents Pages by Subject
Pensions
Illinois Pension Plans Dumps $1 Billion in Value Stocks to Self Manage
• https://moneymaven.io, by MishAn Illinois pension plan just pulled a billion dollars from an underperforming value fund to seek better returns.
Angry French Pensioners Offer the World a Warning
• https://www.yahoo.com by Andreas KluthWhen it comes to retirement, France is like other countries, only more so: Everything about its system is untenable.
Failing U.S. Pension System May Need Federal Bailout To Survive
• https://www.zerohedge.com by Brandon SmithThe pension system in the United States isn't healthy by any stretch of the imagination. It has been underfunded for quite some time.
"Inherently Unstable" US Pension System Will Require Federal Bailout...
• https://www.zerohedge.com, by Tyler Durden"Inherently Unstable" US Pension System Will Require Federal Bailout, Former Illinois Pension Chief Says
World's Biggest Pension Fund Stops Lending Shares To Short-Sellers Amid...
• https://www.zerohedge.com, by Tyler DurdenWorld's Biggest Pension Fund Stops Lending Shares To Short-Sellers Amid Threat Of Market Crash
"Inherently Unstable" US Pension System Will Require Federal Bailout...
• https://www.zerohedge.com, by Tyler Durden"Inherently Unstable" US Pension System Will Require Federal Bailout, Former Illinois Pension Chief Says
Netherlands Headed For Unprecedented Crisis: Millions Of Retirees Face Pensions...
• https://www.zerohedge.com, by Tyler DurdenNetherlands Headed For Unprecedented Crisis: Millions Of Retirees Face Pensions Cuts Thanks To The ECB
Public Pensions: An Economic Time Bomb
• https://www.prageru.com, Joshua RauhWho cares about public pension liability? Well, you should – after all, it's the reason entire cities and even states are facing bankruptcy.
US Stock Markets Up 200%, Yet Illinois Pension Hole Deepens 75%
• https://www.zerohedge.com by Ted DabrowskiNot even the nation's longest-ever bull market run has been able to save Illinois' crumbling pension funds.
The pension apocalypse begins as GE freezes benefits for 20,000 employees
• https://thecommonsenseshow.comOne thing the Democrat Left has always been good at is spending other people's money. Whether it's Democrat lawmakers spending trillions of dollars our country doesn't have or their allies in the Left-wing labor union sector forcing companie
GE Freezes Pension Benefits For 20,000 Employees To Lower Debt Burden
• https://www.zerohedge.comIn what looks like a dry run of the looming pension crisis facing corporate America, GE said on Monday that it would freeze pension plan benefits for 20,000 American employees with salaried benefits, WSJ reports. The company also plans to freeze supp
The only fix is taking matters into your own hands
• https://www.sovereignman.comOn Friday evening, the government here in Puerto Rico made an announcement to local retirees that many of them would have their pensions cut.
Bankrupt Illinois Cities Forced To Cut Services To Fund Pensions
• https://www.zerohedge.com by Mike ShedlockMultiple cities in Illinois are forced to cut police, fire departments and other city services to fund pension plans.
Real US debt levels could be 2,000% of economy, a Wall Street report suggests
• https://www.cnbc.com, Jeff CoxTotal potential debt for the U.S. by one all-encompassing measure is running close to 2,000% of GDP, according to an analysis that suggests danger but also cautions against reading too much into the level.
"Financial Vandalism" of Low and Negative-Yield Bonds Wreck Pension Plans
• https://moneymaven.io, by MishUnnaturally Low and negative yield bond yields are wrecking pension plans.
It's now obvious: The taxpayers of Illinois will have their incomes confiscated to fund...
• https://www.naturalnews.comincreases for overpaid teachers … GET OUT while you still have your wallet... (Natural News) A month ago, Chicago Mayor Lori Lightfoot insisted that the city's pension funds were facing bankruptcy and demanded an urgent multi-billion-dollar bai
The Pension Fund Apocalypse
• https://www.zerohedge.com By Colin LloydOver the period from 1915 to 2014 the return on U.S. equities was an annualized 11.5 percent, while the return on government bonds averaged 4.3 percent.
The $6 Trillion Pension Bailout Is Coming
• https://www.zerohedge.com by Lance RobertsFiscal responsibility is dead.
With Pension Advice Like This, Chicago And Illinois Are Doomed
• https://www.zerohedge.com by Mark GlennonThe latest op-ed on pensions that has us scratching our heads is from a new face on the scene.
Pritzker's Untruth: Illinois' Budget Is Billions Out Of Balance
• https://www.zerohedge.com by Ted DabrowskiGov. J.B. Pritzker says Illinois' budget is balanced "for the first time in decades." That's the claim he made upon signing Illinois' $40 billion budget for 2020. Pritzker's claim is simply not true. According to the state's own actuari
A pension time bomb is waiting to explode across America… and pensioners will be left penniless...
• https://www.naturalnews.comwhen the reckoning comes(Natural News) Despite a bull market that's been running strong for more than 10 years now, public pensions are in very serious trouble, as many states struggle to bring in anything even remotely close to the amount of cash
Despite Record Bull Market, Pension Plans in Miserable Shape: Illinois the Worst
• https://moneymaven.io, by MishThe amount owed to retirees accelerated faster than assets on hand despite a record bull market.
What Went Wrong With Pensions... And Why The Whole World Should Be Worried
• https://www.zerohedge.com by John RubinoThe past decade was a uniquely smooth stretch of financial highway. Pretty much every major asset class – stocks, bonds, real estate, fine art, you name it – did well, making it hard for conventional investors to lose money and easy for them to e
7 Charts Exposing The Nation's Pension Nightmare
• https://www.zerohedge.com by Tyler DurdanMunicipalities, states and pension managers the nation over have been - in ponzi like fashion - consistently trying to bet on the stock market to help solve their pension liability woes. "Don't worry, stocks will go up enough!" and "Don't worry, we c
Chicagoans, Pensioners: Beware A Stock Market Shock
• https://www.zerohedge.com by Ted DabrowskiIllinois state pensions are getting all the attention as a result of Gov. J.B. Pritzker's budget speech, but don't forget Chicago pensions. Believe it or not, they're in even worse shape than the state pension plans.
Chicagoans, pensioners: Beware a stock market shock
• wirepoints.org, Ted Dabrowski and John KlingnerIllinois state pensions are getting all the attention as a result of Gov. J.B. Pritzker's budget speech, but don't forget Chicago pensions. Believe it or not, they're in even worse shape than the state pension plans.
Illinois Hopes to Fix $134 Billion Pension Shortfall By Issuing More Debt
• https://www.zerohedge.com, By Tyler DurdenBack in December we noted that the lack of basic economic common sense by its politicians led the state of Illinois to a $134 pension shortfall.
Sweden Prosecuting Pensioners, Welcoming ISIS
• https://www.zerohedge.com, by Judith BergmanPerhaps the Council of Europe considers Åberg's successful efforts of turning in fellow Swedes to the police for perceived thought crimes an example that other European countries should emulate?
Illinois Governor Seeks to Sell State Buildings and other Assets to Pay Pensions
• https://moneymaven.ioGovernor Prtizker released details of his plan to save Illinois. He made three of three of the worst possible choices.
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