28/12/17

ALEC: State Pensions $6 Trillion Underfunded; We Risk A Crash Worse Than 2008



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ALEC: State Pensions $6 Trillion Underfunded; We Risk A Crash Worse Than 2008
// Bitcoin Warrior

Recently, the American Legislative Exchange Council (ALEC) has produced a report that is nothing short of alarming. The report suggests that the 7.5% discount rate utilized by many pension systems is nothing more than a flight into wishful thinking. When a realistic discount rate, such as the risk-free rate, is utilized the state's pension system [...]
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