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« A Message To The 'Left' From A 'Right Wing Extremist' | Main | Double Barrel Biden: 'Like I Tell My Wife, Get A Shotgun' »
Thursday
Mar072013

CNBC: Pension Timebomb On The Horizon

Corporate pension timebomb.

Gary Kaminsky on the $400 billion pension deficit sitting on the books of public companies.

 

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Reader Comments (5)

The important thing to remember is executive retirements, golden parachutes, and bonuses for the top are safe and sound while the rest of us choke on the fraudulently rated MBS dumped in our funds as well as a market that is unlike anything ever seen before thanks to the blatant fraud in the system.
Feb 19, 2013 at 1:14 PM | Unregistered CommenterS. Gompers
sell the market short
Feb 19, 2013 at 2:40 PM | Unregistered CommenterSell Short
Posted a bizweek article about this weeks ago. Nice to know CNBSucks is on it...now...

Low interest rates have been the norm for years now. Where have the so-called experts been to discuss this "problem?" Most pensions, particularly public pensions, assume 7-8% returns to fund their ongoing liabilities. Hedgies and mutuals would love 7-8% these days. Not going to happen, for the most part. Not even close...

Think ponzi. When the rates go down, we see the pensions collapse.

Kaboom!
Feb 20, 2013 at 9:55 PM | Unregistered CommenterJosie
Josie

And we have municipal and state budgets all over the country (that will soon blow up) built on those assumed rates of return. We have a student loan timebomb and pension timebomb, on top of $17 trillion in current federal debt, along with a pesky little hundred trillion unfunded liability issue.

All systems go. Nothing to worry about.
Feb 25, 2013 at 4:44 AM | Unregistered CommenterDailyBail
Corporate Pensions on Pace to Hit Year-end Deficit Record

http://blogs.wsj.com/cfo/2012/12/11/corporate-pensions-on-pace-to-hit-year-end-deficit-record/

The Great American Retirement Scam: Why The Wealthiest CEO's In America Want To Take Away Your Social Security

http://www.forbes.com/sites/rickungar/2012/11/28/the-great-american-retirement-scam-why-the-wealthiest-ceos-in-america-want-to-take-away-your-social-security/
Feb 25, 2013 at 5:27 PM | Unregistered CommenterLadyLiberty

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