Ron Ryan on The Larry Parks Show

America faces its greatest financial challenge since the Great Depression: The U.S. Pension Crisis!

• • • • • • • • • • • •

If the TARP I bailout was a national emergency at $800 billion, how should we describe the $4 trillion in unfunded liabilities that exists in public and private pensions across the country today? A devastating pension crisis looms as spiking contribution costs and promised benefit payments threaten the solvency of many corporations, cities, and states. This book details how improper accounting rules misled pension managers to follow the wrong objectives, leading to a financial crisis of epic proportions. Award-winning author Ronald J. Ryan details just how the pension crisis developed and what pension decision makers need to do now to solve this dilemma. He offers a compelling strategy to reduce pension costs and reach a fully funded status. This book is not only for pension and financial professionals and policy shapers, but also for employees whose pensions and retirement expectations are at gravest risk. Read it, and you will ask intelligent questions of your organization’s pension fund managers to find out what they are, or are not doing, to protect your pension.

From The U.S. Pension Crisis,

by Ronald J. Ryan:

“…When testifying before the ERISA Committee in 2003,* I brought in a five-foot pencil that I introduced as “Woody the pension pencil.” Woody is the weapon of mass destruction in financial America. Indeed, if you thought Enron and WorldCom had magic accounting pencils that led to their debacles, wait till you see what Woody has done to budgets, balance sheets, and income statements. This book will demonstrate how Woody is used in GASB and FASB accounting rules to reduce contribution costs, and enhance funded ratios, earnings, and balance sheets.”

*The complete testimony of Ronald J. Ryan before the ERISA Advisory Council is included in the text.