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Disappearing Pensions–A Growing Reality
“Unfortunately, it’s becoming more and more obvious that many pension plans won’t be able to fulfill the promises they made to their workers.” This opening comment by Los Angeles board of the Better Business Bureau’s Trevor Gerszt sets the stage for a discussion on what’s happening to private and governmental pension plans these days. Since many future retirees have built these pensions into their financial planning scenarior to complement their Social Security benefits, it’s becoming a serious issue. Read Gerszt’s Newsmax post here…