Social Security Report

Funding shortfalls put pensions in peril

These days, a pension just isn’t what it used to be. For generations, a defined benefit pension — a fixed monthly check for life — provided an ironclad promise of a secure income for millions of retired American workers. But today, that promise has been badly corroded by decades of underfunding that have undermined what was one of the cornerstones of the American dream. Read more…

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