Syndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale Arizona
Is my pension plan guaranteed? It is the consummate question of the hour. Whether you're addressing federal or state government sponsored pension plans, guarantees are only as good as the sponsoring authority behind them. Tax payers may have the last say on pension commitments.
In the private sector, many pension funds are still recovering from the market meltdown of 2008. And even with recent market gains of the last couple of years, most pension plans are underfunded. Whether or not corporations make up the short fall is yet to be seen as pension reform is center stage in the great retirement debate in the U.S.
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In the private sector, many pension funds are still recovering from the market meltdown of 2008. And even with recent market gains of the last couple of years, most pension plans are underfunded. Whether or not corporations make up the short fall is yet to be seen as pension reform is center stage in the great retirement debate in the U.S.