Pension Meltdown
Stock Market Booms, Pension Funds Still Sick
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  • Andrew Allison

    What do Wall Street banks have to do with it? First, the funds are invested, not banked; and second if the pensions were being funded, there would be more fees and commissions, not less. The unions manifestly care only about protecting and increasing their pensions, not how they are to be paid for. Financial regulation of assumed returns and funding levels is what’s necessary to put an end to the public pension Ponzi scheme.

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