Society of Actuaries director hints at opioid crisis, societal issues as cause.
Tag: pension liabilities
Insurer Prudential will now carry the retirement obligations of 13,000 Raytheon members and beneficiaries.
State pension liabilities claim £4 trillion.
Cause linked to unreported debt, unrealistic return expectations.
On average, 1% drop in investment return assumption will bring about 11% increase in total pension liabilities.
Deficit drops to $247 billion from $275 billion.