One just needs to read the headlines or watch the news to see how future retirees are being affected by the financial struggles of cities and towns of all sizes. The recent flood of difficult news for retirement plans has focused on the public fund sector. Future retirement benefits are being slashed and pensions that employees have earned and contributed to during their tenures may ultimately yield cents on the dollar. These potentially reduced benefits will significantly alter their standard of living and force many of them to seek alternative support as most public employees don’t receive social security benefits as public retirement system participants. (click on the link for the rest of the article)

http://www.kampconsultingsolutions.com/images/kcsnov13fc.pdf