Underfunded Pensions And The Need To Keep Stock Markets Inflated

     One of many underfunded pension funds, heavily invested in the stock market, as most are, reported the annual return it needs in order for the pension fund to not lose principal. If there is a significant correction, or an extended bear market, it will not bode well for underfunded pension funds and their often unrealistic reliance on the degree to which stock markets must rise.
       Having so many pensions and other obligations dependant on the health of a stock market does not seem prudent or wise. Underfunded pensions are a crisis waiting to happen, thrown under the rug by a rising stock market that allows for complacency, unwise policies, and an unwillingness to face the pending pension crisis.