By Heather Gillers, includes “… The problem is that this fund pays out more in pension checks every year than its current workers and employers contribute. That gap helps explain why it is billions short of what it needs to cover its future retirement promises. ‘The bucket is leaking,’ he said. The solution for Mr. Majeed—as well as other pension managers across the country—is to take on more investment risk. His fund and many other retirement systems are loading up on illiquid assets such as private equity, private loans to companies and real estate.” (Note: Stay tuned for our upcoming, updated “Zombie Index.”)