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Public pensions survived the Great Recession. They will survive coronavirus, too

Jun 12, 2020

Headline: Public pensions survived the Great Recession. They will survive coronavirus, too
Publication: Sacramento Bee
Article Date: April 19, 2020

History tells us that the markets will recover and that cycles of ups and downs are inevitable. But under a retirement-security system that relies upon individual accounts – 401(k)s – many of those whose retirement coincides with a down cycle will not be around long enough for their savings to fully recover.

There is a way to flatten to curve. They’re called pensions – collective retirement savings systems into which workers of all ages and their employers contribute and which have professionally managed, diversified investments. They are built to withstand the extremes of economic cycles. Read More…

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