Tag Archives: retire

Puerto Rico’s other crisis: impoverished pensions

http://www.reuters.com/investigates/special-report/usa-puertorico-pensions Uneasy Island Puerto Rico’s other crisis: impoverished pensions By Nick Brown Filed April 7, 2016, 3:10 p.m. GMT For years, the territory’s government piled on the benefits without paying for them. Now, it faces the prospect of stiffing retirees, … Continue reading

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Puerto Rico Church Strips Teachers of Pension Amid Crisis

What could happen when your government overspends, is in debt?  Pensions cut to ZERO.  With the USA Federal Government debt approaching $20 trillion and the excessive benefits paid out, the current system is unsustainable.   It’s already happening in Puerto Rico.  … Continue reading

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