AS I stated Major pension crisis starting in 2017

[Silver and Gold]

Get ready 2017 will be the start of big pension problems.




Philadelphia’s $5.7 billion ‘quiet crisis’


http://www.cnbc.com/2016/02/19/phila...et-crisis.html


New York City’s Pension System in Danger of ‘Operational Failure,’

New York City’s pension system, which encompasses $160 billion in retirement funds, is rife with problems that leave it vulnerable to an “operational failure,” according to an independent report commissioned by the city comptroller’s office.

http://www.nytimes.com/2016/01/27/ny...says.html?_r=0


Despite tax hike, Chicago still faces huge pension fund gap

http://www.cnbc.com/2015/11/10/despi...-fund-gap.html



"I Guess It's Food Stamps": 400,000 Americans In Jeopardy As Giant Pension Fund Plans 50% Benefit Cuts


http://www.zerohedge.com/news/2016-0...lans-50-benefi

[Silver and Gold]

Teamsters’ Pension Fund Warns 400,000 of Cuts


http://www.nytimes.com/2015/10/07/bu...0-of-cuts.html

[joeinnj]

Yea Gee ……….
Just one example of our system’s endless “Promises to Pay” are now beginning to NOT PAY??
Imagine that ………
Pensions, Social Security, Stocks, Bonds, Currency ……………
All Promises to Pay …
And Promises >> They’re made to be broken.
Slowly but surely imploding our way to one giant steaming pile of broken Promises.

The Tinfoil Hat wearing "Collapse" >> If you pay enough attention we're watching it happen right in front of our eyes daily.
Slow motion collapse.
Enjoy the Show.

[Chump Change]

Where are the Union Reps?

LOL

[yellowsnow]

Where are the Union Reps?

LOL

took the money and ran

[Chump Change]

took the money and ran

Seems to be what "they" all do...cowards and criminals

Some of the retirees are going to have difficulty. They received promises they should have never received, they trusted their particular labor unions along with their employers to negotiate pay and retirement packages that were sustainable. Most only wanted a job and whatever came along with that was good enough. If it was sold as being long term and all the projections indicated it was long term, well then, who's to say otherwise.

We are in different times now that weren't a vision back in 1950 or 1960. The main stream still doesn't see, today in the 2010's, what many of us have seen for decades.

Retiree's today are the tip of the spear

We should really all pay attention

[golditiki2]

Seems to be what "they" all do...cowards and criminals

Some of the retirees are going to have difficulty. They received promises they should have never received, they trusted their particular labor unions along with their employers to negotiate pay and retirement packages that were sustainable. Most only wanted a job and whatever came along with that was good enough. If it was sold as being long term and all the projections indicated it was long term, well then, who's to say otherwise.

We are in different times now that weren't a vision back in 1950 or 1960. The main stream still doesn't see, today in the 2010's, what many of us have seen for decades.

Retiree's today are the tip of the spear

We should really all pay attention

The biggest culprits are not the pension funds but the crazy interventions of leftistpolitics in the market. Inciting the system to spend more than income could afford to fund " cheap" consumption was the stupid rule which killed it all, finally even will kill consumption.

Golditiki2 +++




.

[Westerner]

The government will most likely just raise the FICA or unemployment taxes that the employer pays on whats left of the employers in the U.S. Or make a new mandated payroll liability all together and call it the New American Tax. Sell it as a jobs program but pay the pensioners plan in reality tax.

That should help private employment, but I wouldn't be surprised.

Government and large private sector jobs that are based first on the mandated prevailing wage scam and have been unionised are going to lose their pensions, because of the mandated payroll liabilities in the private sector, killing the total private labor forces, Or the goose that used to be the back bone of America, small businesses.

IMHO, if we would of stayed out of mandating the private sectors labor almost out of being affordable, the public and large company private sector jobs would of never been unionised and the prevailing wages would of never took hold. Then the private sector jobs would still be plentiful and government jobs would still be LOW PAYING jobs like they should be, but with better pensions than the private sector, over all.

This trend will continue.....Labor Force Statistics from the Current Population Survey....



From...http://data.bls.gov/timeseries/LNS11300000

This is mostly because of government mandated payroll liabilities, that will get worse.

[vanslem6]

Shocking…(yawn)

Wake me up when 401k and IRA accounts are under fire, please.

[WhatsUpDoc1958]

Shocking…(yawn)

Wake me up when 401k and IRA accounts are under fire, please.

First they came for the pensions. Then they came for the IRAs...