The U.S. pension system is on the edge of a crisis, as corporations, cities and states scramble to meet their promised obligations to retired employees.
The pension gap is hundreds of billions of dollars for corporations, and many are battling to even calculate their future liabilities, much less pay for them. The situation is arguably worse on the public side, where most politicians continue to underfund plans in hopes that someone else finds a solution down the road. With trillions of dollars under their control, pension plans are also among the world’s biggest investors and their sway with corporate boards and hedge-fund managers is growing.
This is an increasingly important beat for M&I; as well as the paper, as we are uniquely positioned to dominate coverage on an issue that affects almost every American family.
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