America’s public pension funds have gotten themselves into a bind. They’re responsible for paying trillions of dollars in future retirement benefits to teachers, firefighters, police, and other state and local employees, but their assets fall far short of what’s needed to fulfill those promises.

Increasingly, they’re turning to an age-old tactic to close the gap: using borrowed money, or leverage, to boost returns. It’s a troubling trend that regulators should watch carefully.

QOSHE - Public Pensions Should Be Safe, Not Levered Up - The Editorial Board
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Public Pensions Should Be Safe, Not Levered Up

4 0
05.03.2024

America’s public pension funds have gotten themselves into a bind. They’re responsible for paying trillions of dollars........

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