Alabama Town’s Failed Pension Is a Warning

Pub­lished: Thurs­day, 23 Dec 2010 | 4:39 AM ET By: Michael Cooper and Mary Williams Walsh The New York Times This strug­gling small city on the out­skirts of Mobile was warned for years that if it did noth­ing, its pen­sion fund would run out of money by 2009. Right on sched­ule, its fund ran dry.

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January 21, 2011 · Jennifer · No Comments
Tags: , , , ,  · Posted in: Failed Pension Plans, FINANCIAL EDUCATION 101, NEW YORK TIMES