5.9k Share this

The graying of the American worker is a math problem for Farouki Majeed. It is his job to invest his way out.

Mr. Majeed is the investment chief for an $18 billion Ohio school pension that provides retirement benefits to more than 80,000 retired librarians, bus drivers, cafeteria workers and other former employees. The problem is that this fund pays out more in pension checks every year than its current workers and employers contribute. That gap helps explain why it is billions short of what it needs to cover its future retirement promises.

Source: WSJ

5.9k Share this
You May Also Like

Lyon Stun Holders Barcelona To Claim Record Eighth Women’s Champions League Title

TURIN, ITALY – MAY 21: Wendie Renard of Olympique Lyonnais lifts the…

Carvana’s ‘Chaotic’ Zoom Firing Caps Company’s Struggles Amid Market Downturn

Carvana ILLUSTRATION BY STEPHANIE JONES FOR FORBES; PHOTO BY MARK RALSTON/AFP via…

Trading Up Or Staying Put? The Hornets Have Some Decisions To Make

CLEVELAND, OHIO – FEBRUARY 20: Michael Jordan reacts after being introduced as…

How will GameFi and P2E blockchain gaming evolve in 2022? Report

Crypto gaming has grown in popularity as more players collect and trade…

Swiss asset manager Julius Baer eyes crypto and DeFi potential

The 132-year-old Swiss asset management firm, Julius Baer, intends to offer exposure…

Elon Musk Eyes Satellite Deal in Brazilian Amazon

SÃO PAULO—Elon Musk, the world’s richest person, flew to Brazil on Friday…

Lifeline for Terra projects, proposed Terra hard fork and more

The past week in the decentralized finance (DeFi) ecosystem was dominated by…

The Biggest Industry In Every State Of 2022

In many states, the manufacturing industry is the largest industry in terms…