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Thread: Stocks tumble
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Old 03-26-2020, 07:09 PM
Paper1 Paper1 is offline
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Originally Posted by collie1228 View Post
My company has (criminally) underfunded its retirement program for years - despite being a large government contractor who gets much of its defined benefit pension programs underwritten by the government in its defense contracts. I love the monthly checks, but I have a big concern about their ability to continue over the long run, as the actual funding of the program was underfunded by over $17 billion in 2018. Since then they have added some new funding, but obviously the current state of the investment world will have a further negative impact.
A number of us are facing underfunded private sector pension funds, the price you pay for "greatest stock market ever" and taxpayer backing of these pension funds. Public sector will soon have to worry soon.
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