Worried yet?

In a desperate bid to make money, ¬†South Carolina and Hawaii have turned to the risky business of selling puts. That is – a bet that your chosen stock will go down in value. The stock in question? Pension funds the Government runs for it’s workers.

Only 30 companies in the S&P 500 were fully funded as of year end 2015, with almost half of the overfunded companies coming from the financial sector.