Drained Pension Funds - as Doom Looms for Reserves Across U.S.

nydailynews.com  ( Original )
MAR 1, 2017

ORIGINAL SOURCE: Drained pension fund has retired New York union workers pinching pennies to survive, as doom looms for reserves across U.S. by Ginger Adams Otis of nydailynews.com on 3/1/2017

Martin Armstrong got this right as the pension fund crises shifts gears into reality and is really turning into a monstrous nightmare for retires. 

The magnitude is growing across the board and is a horrible end as they get their pensions cut in a third or half and thats before taxes. These are fixed incomes that could can erode further with inflation.

Read the rest here: Drained pension fund has retired New York union workers pinching pennies to survive, as doom looms for reserves across U.S.