Pension crisis: 50% of States can’t cover their annual pension costs
Pension crisis
The average State’s Adjusted Net Pension Liability will grow to 9% of GDP by 2017 from 6.9% in 2015 reflecting a 40% increase in Adjusted Net Pension Liability according to a new report on the dire state of the US pension industry from Moody’s Investor Service.
The pension industry’s troubles are well known. Record low-interest rates, poor investment decisions, and poor investment returns are all weighing on pension funds’ returns. On the other hand, demographic trends and longer life spans are increasing pension funds’ liabilities. When . . .
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