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Adding to the urgency, nearly one-quarter of the 1,400 multiemployer plans in the US are in the "red zone," meaning they will likely go broke within the next decade. And if the recent bout of turmoil across virtually all asset classes continues, the day of reckoning could be hastened. Particularly if the low returns on conventional assets force these funds to place riskier bets on alternative strategies like hedge funds, something that many funds did in desperation during the ZIRP era.
Sounds like the Pension Reality Shock is very near.
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[–] obvious_throwaway1 [S] ago (edited ago)
Sounds like the Pension Reality Shock is very near.
How's our nest egg doing?