PENSIONEERS, STOP LIVING SO LONG!
The International Monetary Fund recently said that people are living three years longer than expected on average, pushing up the costs of aging by 50 percent, and governments and pension funds are ill-prepared. For private pension plans in the United states, an extra three years of life would add 9 percent to liabilities, the IMF said in urging governments and the private sector to prepare for the risk of longer life spans.
This is clearly a problem with the Teachers Retirement System of Illinois. The State of Illinois hasn’t properly funded our pension system for years, and how in the world are they going to deal with these increased life spans?
I would suggest the following possible remedies be considered at once:
1. Retired teachers immediately start taking up hobbies that are by nature risky and life threatening. I would suggest skydiving, and the parachutes to be provided and packed by the Chicago Tribune editorial board
This is clearly a problem with the Teachers Retirement System of Illinois. The State of Illinois hasn’t properly funded our pension system for years, and how in the world are they going to deal with these increased life spans?
I would suggest the following possible remedies be considered at once:
1. Retired teachers immediately start taking up hobbies that are by nature risky and life threatening. I would suggest skydiving, and the parachutes to be provided and packed by the Chicago Tribune editorial board
