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« Obvious to some of us, part 2 | Main | "A Chart About College Coach Salaries That Will Make Academics Weep" »

April 22, 2014

Obvious to some of us, part 1

"Majority of Pensions Headed for Bankruptcy".

Investment returns may be up since the recession, but public pensions are still in deep, deep trouble. On Wednesday, the hedge fund Bridgewater Associates released the results of a “stress test” on American public pension plans, and they weren’t pretty. According to the report, 85 percent of all plans are on track to go bankrupt within 30 years unless their average rate of return increases to 9 percent.

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