Pension Plan Time Bomb

While the airlines have been getting most of the news concerning the failure of pension funds, they are just the tip of a massive iceberg. As we’ll explain, both America’s private and public pensions are in jeopardy.

While the airline pensions are under-funded to the tune of $32 billion at the moment, the auto companies are down nearly twice that amount.

In fact, the lack of funding is growing at a galloping 27 percent per year, according to a recent article in BusinessWeek. Me.....