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Tag: Pension Crisis

California Hands Retired Employees Checks in Excess of $400,000 + Pensions

Most employers provide vacation and sick leave. However, most employers do not allow sick days to roll over from one year to the next. The norm is to often cap at...

The Public Pension Crisis is Our Undoing

QUESTION: Mr. Armstrong; Thank you for explaining the difference between a public employee pension and those we have in the real world. The fact that the bulk of...

The Illinois Pension Crisis – Giving The Pensioners All State Assets

The new proposal in Illinois is for the state to transfer its assets so that they are owned, not by the people, but by the state employees. These proposals will...

Chicago – Where More People are Retired than Paying into Government Pensions

Over 80% of government pension funds are completely funded by the government with no employees paying into the funds. This reflects why governments are coming after...

The Pension Crisis is Starting to Explode

At the current federal minimum wage of $7.25 per hour, working 40 hours per week, 52 weeks per year, yields an annual income of only $15,080. This is below the...

The Netflix Tax

I have warned that once one state taxes something, the idea spreads like a contagion. Illinois and California wanted to tax movies or anything you stream....

Getting Old & Risking Unemployment Thanks to Socialism

The reality these days is that more than 50% of older workers are pushed out of their longtime jobs before they choose to retire. The major factor in this trend is...

Private v Public Pension Funds & Who MUST Own Govt Bonds

QUESTION:  Martin. Do you give credence to the work of … ? Can’t government pension funds be privatised or sent to open market? Thank you. NM ANSWER:...

The Pension Crisis Will Break Up the EU

The German public broadcast agency ARD is proposing structural changes. Due to the low-interest rates, the ECB has placed the agency in hard times with its...

The Pension Crisis Coming to a Boil

The BBC has come out and reported that three million savers in Britain in what is known as final-salary pension schemes only have a 50/50 chance of receiving the...