By Peter Reagan – Re-Blogged From Newsmax
It’s become fairly common knowledge that public pensions are on the verge of either radical overhaul or extinction.
Worldwide, pensions are set to reach a shortfall of $400 trillion. This is a larger amount than 20 of the world’s largest economies, according to Sovereign Man.
It was even reported that Congress is planning for pension fund failure in the U.S. Not to mention, Philadelphia has considered tapping public utility payments to cover their shortfall.