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How Is Your State Pension Fund Doing?

Last update on: Mar 14 2020

This article discusses a study of the financial health of a few state employee pension funds. The study sought to estimate what would happen to these funds if there was another sharp downturn in the investment markets. It found that at least two funds, Kentucky and New Jersey, are in such bad shape that they could run out of money if there’s another serious market decline.

Governments have been ramping up contributions to the funds to help cover the promises they’ve made to retirees, but that leaves less money to spend on schools, police, parks and other core government services.

Another option is reducing pension benefits. A plan to do that in Kentucky led to teacher walkouts earlier this year.



December 2021:
Congress Comes for your Retirement Money
A devastating new law has just been enacted, with serious consequences for anyone holding an IRA, pension, or 401(k). Fortunately, there are still steps you can take to sidestep Congress, starting with this ONE SIMPLE MOVE.

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