Pension funds are a force on the stock market and have been for aeons.
Getting a fund to work is not hard, and given the massive economic growth that america has seen in the past 30 years alone, even the most conservative fund would be doing impressively well.
All of these things are easy.
The only thing which I have heard and seen which is a problem is people/politicians coming in and breaking the compact made with emoloyees 10, 15 years down the line.
At that point the fund gets drawn down and you can easily get a scenario like today.
The spenders are no longer in office and the obligations are coming Due.
Getting a fund to work is not hard, and given the massive economic growth that america has seen in the past 30 years alone, even the most conservative fund would be doing impressively well.
All of these things are easy.
The only thing which I have heard and seen which is a problem is people/politicians coming in and breaking the compact made with emoloyees 10, 15 years down the line.
At that point the fund gets drawn down and you can easily get a scenario like today.
The spenders are no longer in office and the obligations are coming Due.