Sentences with phrase «large pension shortfall»

Even in a worst - case scenario — where there's a large pension shortfall and your employer goes bankrupt — your risk is limited to the extent of the shortfall.

Not exact matches

This article from the LA times states that just two public pensions, there are 130 of them, have approximately $ 120 billion in shortfalls, although those are probably the largest.

Budgetary shortfalls, school district bankruptcies, teacher and administrator layoffs, hiring and salary freezes, pension system defaults, shorter school years, ever - larger classes, faculty furloughs, fewer course electives, reduced field trips, foregone or curtailed athletics, outdated textbooks, teachers having to make do with fewer supplies, cuts in school maintenance, and other tales of fiscal woe inevitably captivate the news media, particularly during the late - spring and summer budget and appropriations seasons.

That means if you're a younger employee who has yet to build up a large pension entitlement, you may be on the hook not only for contributing more to your own pension, but also helping cover the share of pension shortfall attributable to older colleagues who are already retired.

But even if your pension plan has a large shortfall, that doesn't necessarily mean you should start to worry about getting shortchanged.