America’s Crumbling Pension Future?
Ginger Adams Otis of the New York Daily News reports, About one million American workers have pension plans on verge of insolvency: Nearly one million working and retired Americans are currently covered by pension plans that are in imminent danger of insolvency, according to an organization trying to help people keep their retirement earnings. The union pension funds have been designated as being in “critical and declining status” — which means trustees are eligible to apply for cuts on [...]