5/15/23: Will You Get the Pension Payout You've Been Promised?
THE TRUTH ABOUT YOUR FUTURE with Ric Edelman
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The Biden Administration Gives $36 Billion to the Central States Pension Fund
The Biden administration has given $36 billion to the Central States Pension Fund. Public pension funds, depending who you ask, are short by about $1.5 trillion. The average pension plan assumes that workers will earn 6.9% per year; they've been earning less than that. Despite rising inflation rates and a host of other economic challenges, Rick Edelman says it's important to focus on the bigger picture.
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