With public attention focused on health care, tax reform, border security and terrorism, a rapidly growing financial crisis continues under the radar.
Millions of Americans could be affected by public and union pension funds facing potential collapse. Coupled with that issue is the future of Social Security as well.
Rich pension payouts promised to government and union workers can’t be sustained because more funds are not achieving needed investment returns.
One solution could be to reduce the promised payouts and trim back benefit coverage as well in order to keep these programs solvent.
Find out how some unions and government funds propose to deal with the looming crisis on the next page. Will it be enough to handle the problem?