Picked up the latest copy of The Futurist? Maybe you’ve see Rob Bencini’s (certificate grad ’10) latest article, “The End of Public Promise? Government and the Pension Deficit Disorder.”
In it, Rob explains exactly how generous public employee retirement benefits are devouring government budgets, and what will happen if nothing is done. One of the starkest examples is the Texas Employees Retirement System, which is supposed to pay out $133 billion between now and 2045, but which currently has only $11 billion. Check out the article and some of the shocking budget figures here.
