Pensions are billion dollar businesses. HOOPP for example, is worth ~$114 billion (as of Dec 2021), up from 104 billion in 2020; that’s about an 11.28% gain. But how much of that 10 billion increase do you think that the members of the pension actually benefit from? Was it the full amount? Or perhaps only a fraction of that? And if so, where did the rest go? And more interestingly, how is HOOPP increasing in net value when more pension dollars are being paid out each year than are being contributed? Sounds sketchy to me…
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