Dividend logo

While they are going away for many investors in the private sector, pensions still represent a cornerstone for many state, federal and municipal employees.

So, any hiccups with them can pose plenty of problems for retirees – perhaps even more so when you consider that pensions are supposed to be safe and ‘guaranteed’ sources of income for their participants. With that, it might come as a huge shock that many of the largest pension plans are actually considered ‘underfunded.’ That is, they promise more in payouts and annual income than their assets can safely provide.

What’s worse is that many investors in these plans have no idea that this is even occurring. A new survey could serve as a wake-up call to pension holders to consider saving more on their own.

Be sure to check our Retirement section to know about retirement planning options.

To read the Full Story, Go Premium or Log In

Popular Articles

Premium Photodune 514786 stock market diagram xs 300x212
News

The Wrap for February 22: Toned Down Trade Boosts Market

Despite being a shortened week – thanks to the President’s Day holiday – there was plenty of...

Premium Slowing%20earnings%20growth
News

Earnings Aren’t as Good as We Hoped

Given all the volatility that’s hit the market over the last few quarters, the last thing...

Premium Data%20center
News

Technology Giant With Strong Cash Flows Maintains Position on Best Dividend Stocks List

The technology sector is known for its fast growth, disruption and game-changing abilities. The...