Loading ...pensions need about 40 years of contributions earning 8% to pay promised benefits. Coupled with vote buying politicians raising unfunded payments and wild speculation to achieve 8%, very few pensions are fully funded. California public employees are going to get a shock only second to Illinois public employees. Liberal state pension plans are a myth. As the baby boomers retire in ever increasing numbers, pension plans will implode. Donald Trump inherited a sh!tstorm.
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