The Economist has a powerful article about American public sector pension funds. The article is a good overview of the issues facing these defined benefit pension plans and some of the key assumptions that resulted in the current shortfall.
INDUSTRY NEWS
Municipal Defaults on the Rise: COVID-19 Cited as the Cause
Court Approves $18 billion Puerto Rico Bond Restructuring
Puerto Rico Bonds May Be Invalid
Public Pensions: Unrealistic Assumptions
State Pensions Continue to Fall Behind
Public Pensions Suffer From a Gaping Hole
