Feb 18: Underfunded pensions

Chrystia Freeland, US managing editor, and Nicole Bullock, capital markets reporter, analyse the View from the Top interview with Orin Kramer, chair of the New Jersey State Investment Council. They examine his estimate of the funding gaps in public pension funds, which is nearly double a recent estimate by the Pew Research Center. They also discuss his view that the current pension situation may get worse before it gets better.