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WYPR Features

Pension Problems

WYPR - 88.1 FM Baltimore | By Anirban Basu
Published January 3, 2019 at 12:49 AM EST
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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.

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Anirban Basu
Anirban Basu, Chariman Chief Executive Officer of Sage Policy Group (SPG), is one of the Mid-Atlantic region's leading economic consultants. Prior to founding SPG he was Chairman and CEO of Optimal Solutions Group, a company he co-founded and which continues to operate. Anirban has also served as Director of Applied Economics and Senior Economist for RESI, where he used his extensive knowledge of the Mid-Atlantic region to support numerous clients in their strategic decision-making processes. Clients have included the Maryland Department of Transportation, St. Paul Companies, Baltimore Symphony Orchestra Players Committee and the Martin O'Malley mayoral campaign.
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