And now we're seeing that a lot of these pension funds are in somewhat of a crisis mode. A lot of them are underfunded. What is the future of some of these pension funds? The pension fund construct has been undermined because every time a pension fund gets fully funded, politicians usually reduce contributions. because they try to go get money anywhere they can. Yeah. And I firmly believe that the pension plans are doing everything they can to meet their obligations. (19:12–19:26)
CLAIM
Asserts that politicians reduce contributions to pension funds when they are fully funded.
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