How bad is it out there financially?
Look at these numbers for state and government pension short falls:
Pennsylvania Pension Funds Inform State Lawmakers of $28 Billion in Losses
US Corporate Pension Plans Lost $445 Billion in 2008
Tennessee’s Public Employee Pension System Lost $5 Billion in Past Six Months
New Mexico’s Public Pension Funds Need Increased Contributions After $5 Billion in Losses
Washington State’s Taxpayers Owe $5.9 Billion to Oldest Public Employee Pension Plans
72% of New York City Firefighters Who Retired Since 2004 Are Collecting Disability Pensions
Detroit’s Public Employee Pensions Lost More Than $2 Billion
Tough Choices for Colorado’s State Workers After $13 Billion Pension Fund Loss
Virginia’s Pension Fund Loses $13 Billion
Down by $80 Billion, CalPERS Charts New Course for Investment Mix
US Companies Face $109 Billion Pension Tab in 2009
State Pension Funds $865 Billion Loss Means New Hires Get Less
Kentucky Pension Plan Funding Gaps Grow to $30 Billion
Big 3 Pension Fund Shortfall Has Grown to $41 Billion, Warns PBGC
California’s $48 Billion Unfunded Health Care Liability for Retired State Employees
New Jersey’s $130 Billion Pension Under-funding, a Problem Too Large to Ignore
Public Employee Pension Funds Paid Out a Record $168 Billion in 2007
Social Security: Our National Ponzi Scheme
Global Pensions Lost $5 Trillion in 2008
Canada’s Corporate Pension Plans Take a Pounding, Falling 28% in 2008