From Birch Gold Group
According to Pension Tracker, as of 2017 there is $5.184 trillion worth of market-based public pension debt across all 50 states.
If you’re a taxpayer, Forbes says you’re exposed to significant risk:
While the healthy economy and rising stock market has lifted pension fund investments around the nation, most pension funds assume unrealistically high returns and expose taxpayers to significant risk if their investment decisions don’t return projected earnings.
The same Forbes piece highlights the four ways public pensions are funded as “deductions from an employee’s paycheck, contributions from the employer, investment earnings from the pension fund, and taxpayers.”
There are already risks currently present for taxpayers, and the map below highlights their dire debt situation:
Continue reading “Government Pension Debt A Danger To Taxpayers”