Major Public Pension System Has Slashed Benefits For Retirees For First Time in Years

February 15, 2020 by mosesman

WallStForMainSt
For the first time in years, a major public pension system has slashed benefits for retirees: The Ohio Public Employees’ Retirement System voted last week to cut health care benefits provided to the pension’s current and future retirees beginning in 2022 to try and prevent the fund from plunging into insolvency in the not-too-distant future.
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Ohio Pension System Slashes Health-Care Benefits To Stave Off Insolvency https://www.zerohedge.com/markets/ohi…
Reforms May Be the Downfall of Pension Funds
https://finance.yahoo.com/news/reform…
Head of Canada Pension Fund Warns on Rush to Iliquid Assets https://finance.yahoo.com/news/head-c…
Pension bubble starting to pop
https://www.wdel.com/news/pension-bub…
2011 Article: What Meredith Whitney was talking about (pension funds being underfunded): http://blogs.reuters.com/muniland/201…

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