Mind the Funding Gap
Description: Mind the Funding Gap is about public pensions and the seemingly intractable problem many face of plugging or bridging the funding gap. This gap – the gulf between assets and liabilities– is growing in most cases as government contributions are deferred or fall short and the mountain of future liabilities grows.
assets (525) liabilities (15) public pensions (3) funding gap (3) government contributions (2)
From snow in April to a glorious end to May – it is beach season already, although the water remains frigid. The Midwest has dodged the storm season of the South East, thankfully, and our beaches are open. No red flags, yet.
Contrary to my ultra-cautious belief, a red flag does not mean a beach is closed. Per USA Today:
The most serious of all beach warning flags, red flags warn swimmers of serious hazards in the water. One red flag means that the surf is high or there are dangerous currents, or both. Though you can still swim if there is a red flag, you should use extreme caution and go in the water only if you’ re a strong swimmer.
Mind the Funding Gap