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overtheedge
Member since May 2012
680 commentaries - 6 followers

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has posted a comment on the article :

Bridgewater Warns on Pensions - Tim Iacono - Iacono Research

"How else are pension funds going to pull this off?"

It has already been happening for decades.
In the early 60's, my mother made $200/month as a LPN/receptionist.
That was roughly equivalent to 140 ozt of silver coin.
140 ozt at $20/ozt is about $2800/month.

Now imagine the above factoid applies to a defined benefits pension plan.
Bad boys, bad boys, what'cha gonna do? What'cha gonna do when the bill comes due?

Commented 3667 days ago

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Beginning of the headline :Since the financial crisis, there haven’t been too many warnings about the dim prospects for pension funds living up to their long-term promises as a result of their overly optimistic assumptions about rate of return, however, Bridgewater reinvigorated the debate as recounted in this USA Today story today that might make some Holiday Inn Express patrons choking on their cinnamon rolls. Influential and well-regarded hedge fund Bridgewater Associates Wednesday warns public pensions are likely to ... Read More

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