On January 16, 2013, Marie Cabural writes on ValueWalk.com:
Analysis from Bank of America Merrill Lynch estimate that the S&P 500 funding deficit will increase by $429 billion this year. Only 25 our of 345 companies’ pension plans in the S&P 500 will be fully funded.
This is further evidence of the demise of the pension plan for workers. This will have a significant impact on the financial security of average Americans.
A new paradigm is the subject of the Agenda of The Just Third Way Movement at http://foreconomicjustice.org/?p=5797 and is founded on the concept of Monetary Justice (http://capitalhomestead.org/page/monetary-justice).
A Petition to reform the Federal Reserve to provide capital credit to ALL Americans can be supported at http://signon.org/sign/amend-the-federal-reserve.fb27?source=c.fb&r_by=3904687. The proposed Capital Homestead Act (http://www.cesj.org/homestead/index.htm and http://www.cesj.org/homestead/summary-cha.htm) would accomplish the necessary reforms.
http://www.valuewalk.com/2013/01/sp-500-pension-deficit-to-increase-by-429b-in-2013-baml/
