Underfunded pensions, outdated regulations and fiscal troubles threaten the nest eggs of millions of American Workers. Institutional Investor explores the pension problem in the US.
Michael Peltz, the Executive Editor of Institutional Investor magazine, appears on CNBC’s Squawk on the Street program to talk about the glaring hole in pensions in the US.
Institutional Investor reporter Fran Denmark also points out that, in the absence of a national retirement policy, litigators in the courts — not lawmakers — have played an outsize role in shaping America’s retirement future. Indeed, ERISA class-action suits have already led to a number of major settlements.
John Keefe reports that state pension plans are scrambling to avoid bankruptcy but notes that, as bad as the underfunding of state pension plans appears, the economic reality could be much worse.
