Pension Checks Stopped In Alabama City

TinBoats.net

Help Support TinBoats.net:

This site may earn a commission from merchant affiliate links, including eBay, Amazon, and others.

cornbread

Well-known member
Joined
Oct 10, 2010
Messages
122
Reaction score
0
Location
Trussville Alabama
Pension Checks Stopped In Alabama City

https://www.economicpolicyjournal.com/2010/12/pension-checks-stopped-in-alabama-city.html


The pension fund of Prichard, Alabama has run dry. It only impacts a small number of retired town workers, but it provides a hint at what might happen on a larger scale when some biggies run out of dollars.

The retirees nightmare is becoming reality in America.

The dominoes are beginning to fall.

The only difference in Prichard and every other place in the USA is .....Time.

Soon, all public retirement systems(and many private ones) will be BROKE!
 
cornbread said:
Pension Checks Stopped In Alabama City

https://www.economicpolicyjournal.com/2010/12/pension-checks-stopped-in-alabama-city.html


The pension fund of Prichard, Alabama has run dry. It only impacts a small number of retired town workers, but it provides a hint at what might happen on a larger scale when some biggies run out of dollars.

The retirees nightmare is becoming reality in America.

The dominoes are beginning to fall.

The only difference in Prichard and every other place in the USA is .....Time.

Soon
, all public retirement systems(and many private ones) will be BROKE!

I don't know if soon is the right word there. Many were broke from the very first person to ever draw a check. I'm really pushing for an opt out option for younger folks. Obviously, the system is flawed, so, overall, we need to cut losses and move on.
 

Latest posts

Top