Pensions across the U.S. are falling deeper into a crisis, as the gap between their assets and liabilities widens at the same time that investment returns are falling, according to Bloomberg.
Chief Investment Officer Ben Meng told the board of the California Public Employees’ Retirement System last week: “For the next 10 years, our expected returns are 6.1%, not 7.0%.
https://www.zerohedge.com/news/2019-06-29/pension-death-spiral-crisis-reaching-fever-pitch-us
