Video: Pensions and retirement savings getting hurt in Vermont

How has the economic downturn and inflation affected Vermonters’ prospects for retirement, including pensions, 401(k), IRA, and savings accounts? Badly.

Image courtesy of Public domain

3 thoughts on “Video: Pensions and retirement savings getting hurt in Vermont

  1. I wish Bernie and Patrick would not require individuals to take their RDA from their IRA’s this year like two years ago! It would help some individuals a lot because they are down so much! Down around 20 to 25 percent and take a withdrawal is a killer! Please guys help us

  2. The other story is about the up to (or ove)r $5 billion total VT unfunded Union pension liabilities.. It’s a ponzi scheme. Vermont insists their projection that the pension assets will return 7% a year and with that they don’t have to contribute as much. I think the fiscal year for measuring was June 30? I will guess that the VT pension assets declined about 10% over all – when they told legislators they will make 7% a year….So far, they have gone from projected UP 7% – to down 10% (?)….a 17% negative swing…. what this means is that VT is forced to contribute MORE $ into the fund. The 7% annual assumption is wrong. I had a contact to management at an S&P 500 firm…over $22 billion in pension assets. About 7 years ago they dumped their pension assumed rate of return down to 4.9%.. These guys are the smartest. VT has the dumbest, low performance, and are ignorant to say they will get 7% a year overall.

  3. And if you voted for the rinos today you voted for the continuation of the demise of the state of Vermont

    When will vermonters wake up

Comments are closed.