Influential and well-regarded hedge fund Bridgewater Associates Wednesday warns public pensions are likely to achieve 4% returns on their assets, or worse. If Bridgewater is right, that means 85% of public pension funds will be going bankrupt in three decades.
Better get to saving that $82.28 a day!
Ends 7/31: If you'd like to help CJR and win a chance at one of
10 free print subscriptions, take a brief survey for us here.