Monday, May 09, 2005

 

The McKinsey Quarterly: US pension funds: Mind the gap

It's not all about the rising cost of health care. Nor is it all about the ever-increasing life-expectancy. But it mostly is. Nevertheless, the one lesson for the Gov to learn is that pension systems based wholly on playing the markets have a 90% failure rate.

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¶ 5/09/2005 09:00:23 AM

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