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The real problem is pension funds. And when you look at who's benefiting from the pension funds, you'll see another problem; People aren't dying and the pension
by jbob2000 7y ago
The real problem is pension funds. And when you look at who's benefiting from the pension funds, you'll see another problem; People aren't dying and the pension funds are being asked to fund way more than they expected to. We have hoards of people who haven't worked in 40 years still getting paid out of a pension that expected to pay them for 20.
- Brakenshire 7y agoAt this point fossil fuel investments carry a significant long term financial risk. Pensions funds shouldn’t be involved in that kind of investment.
- jhayward 7y ago> We have hoards [sic] of people who haven't worked in 40 years still getting paid out of a pension that expected to pay them for 20 Citation needed. I don't know of many 90- to 100- year old people collecting pensions. There are some professions, mainly police/military, that permit retirement after 20 years of service. Those pensions are managed to expect longer payout periods albeit using the actuarial stats of their members which are not the same as the general population.