The Motley Fool Discussion Boards

Previous Page

Retirement Discussions / Retired Fools


Subject:  Re: Suddenly, Retiree Nest Eggs Look More Fragil Date:  6/19/2013  8:09 AM
Author:  ResN Number:  18442 of 20640

The PBGC (i.e., Pension Benefit Guaranty Corp) doesn't cover state, or other public-sector pensions. They only cover private plans that pay insurance premiums for the coverage.

Not speaking for others, but I think the poster might have been raising the issue of whether the US Government will bail out the pension and health liabilities of cities, counties, and states. Personally, I think this would be a disaster for the US as a whole, plus it would do nothing but encourage further expansion of unfunded benefits by local governments.
Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us