This isn't any sort of wild speculation though. It is a hard mathematical fact that pension funds will be more sensitive to a stock market decline now than they

This isn't any sort of wild speculation though. It is a hard mathematical fact that pension funds will be more sensitive to a stock market decline now than they were previously. The math says we'd need a small miracle to NOT have to deal with this problem, although it probably won't be as painful as the emotive language in the title makes it sound.