Pension Problems | WYPR

Pension Problems

Jan 3, 2019

Many of us envy those who have public pensions. Public pensions produce income during retirement – sometimes elevated levels of income that far exceed Social Security benefits. But while having a pension is wonderful, it’s not so great when there’s a governmental bankruptcy, which can put those pension benefits at risk. According to a report released by the Pew Charitable Trusts, many pension funds for public workers already owe far more in retirement benefits than they have in the bank.