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.