Public pensions are mixing risky investments

More than 20 million Americans are covered by state and local government pensions. Unlike the 401(k) plans found in the private sector, these “defined benefit” plans promise to pay retirees a set amount of money every month for the rest of their lives.

For most public workers, these generous programs are a cornerstone of their financial security; for many, they’re one of the main attractions of government jobs. Yet the plans, by their own reckoning, are underfunded to the tune of $1.6 trillion.

Mt. View – DRAFT PLAN BAY AREA AND REGIONAL HOUSING NEEDS ALLOCATION

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      July 2, 2021 Mr. Dave Vautin                                                                                                                           Via Email Assistant Director, Major Plans Bay Area Metro 375 Beale Street San Francisco, CA 94105   July 2, 2021 Mr. Dave Vautin                                                                                                                           Via Email Assistant Director, Major Plans Bay Area … Continued