Public pension systems are collapsing across the country. In Chicago, Mayor Rahm Emanuel is under growing pressure to find a way to mitigate the city’s nearly $20 billion shortfall to its municipal retirement plan. The mayor’s plan to reduce workers’ benefits and raise property taxes -- which would only resolve half of the deficit -- has met with
Public Pension Funds Making Alternative Or Reckless Investments?
“Alternative” investing threatens public retirement funds with high risks and low returns.