Sentences with phrase «major pension crisis»

As a result, the coming years are likely to see a major pension crisis across both corporations and municipalities because the illusory front - loading of returns has encouraged profound underfunding.

Not exact matches

The state is also suffering a major fiscal crisis that is impacting its budget, pension fund and tax revenue — and the capital city of Hartford is teetering on the brink of bankruptcy.

Mr. Martin averted a major fiscal crisis, eliminated the deficit in three years, reduced the government's debt, strengthened the Canadian banking system, and reformed the Canada Pension Plan.

A partial but not complete list of worries includes: China melt down, Yuan reevaluation after effects or Taiwan action, global biomedical epidemics, e.g. Avian Flu, or bioterrorism outbreaks, trade wars (China, EU), major hedge fund bankruptcies, a PBGC (Pension Benefit Guaranty Corp.) shortfall crisis, major junk bond or emerging market bond default, a bank derivative blowup, Fannie Mae issues plus possible assorted natural disasters.

Senger's outside work is as an investment consultant, so her support for destroying public worker defined benefit pension plans and replacing them with the «Wall Street Casino» of investment «choice» was a major question — then and now — as the Civic Committee and the Civic Federation pushed the idea that the only solution to the «pension crisis» created by Illinois and Chicago politicians was to destroy the retirement of public workers, either now or in the future.