No. of Recommendations: 1

Even after nine years of economic recovery, most state pension plans are not equipped to face the next downturn. Policymakers have not taken advantage of strong investment markets to make progress on closing the pension funding gap, which remains at historically high levels as a share of GDP.

A lot of this stuff is like computer security, people ignore proper advice and hope for the best. Then one day the lose all their date, or with pensions, realize lofty returns they were expecting and were told were unrealistic, actually are unrealistic.

I was just talking with a friend yesterday and he was mentioning how incompetence tends to rise to the top. I was kidding (maybe?) that they should teach that in schools. I have mistakenly thought the goal was to do things correctly.

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