WHY PENSION FUNDS ARE IN TROUBLE

Pension funds are handled no differently than Social Security, which also is a pension-funding concept.  However, our lawmakers have enacted legislation that allows government to siphon off the incoming cash and use it for other purposes, which, in the final analysis, prevents the fund from from fulfilling the cash requirements of the fund.

Fixable?  Who knows…the more the contribution rate to the pension fund is increased, the more the funds are siphoned off for other purposes.

About Your Uncle Fester

Lead sheepdog at Camp Keebler.
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