39 • Federal Pensions: The Biggest Pension Funding Gap No One Talks About • The US Government Has a $20.4 Trillion Re- tirement Problem • 2017 Report on City and County Retirement Systems: Funding Levels and Asset Allocations • The Pew Center in the States: A Letter from NCTR Executive • Arnold Foundation: Creating a New Public Pen- sion System • Moody’s: US Government Pension Shortfall Overshadowed by Social Security & Medicare WEBSITES • Organization for Economic Co-operation and Development (OECD) • Pension Rights Center • Center for Retirement Research at Boston Col- lege • Pensions & Investments • Public Plans Data • Retirement: Pew Research Center • Truth In Accounting A NOTE OF GRATITUDE Special thanks to Jason Worth for his research and collection and analysis of pension fund asset and performance data as well as astute insights and conver- sations. RELATED TERMS Pension fund https://en.wikipedia.org/wiki/Pension_fund Securities https://en.wikipedia.org/wiki/Securities Central Bank https://en.wikipedia.org/wiki/Central_bank Centralization of Power https://en.wikipedia.org/wiki/Centralized_govern- ment Debasement https://en.wikipedia.org/wiki/Debasement Financial Coup d’état https://solari.com/blog/financial-coup- d%E2%80%99etat/ U.S. Civil Service Retirement and Disability Fund https://en.wikipedia.org/wiki/Civil_Service_ Retirement_System OMFIF https://www.omfif.org/ Employee Retirement Income Security Act of 1974 https://en.wikipedia.org/wiki/Employee_Retire- ment_Income_Security_Act_of_1974 Bretton Woods System https://en.wikipedia.org/wiki/Bretton_Woods_ system Professor Milton Friedman https://en.wikipedia.org/wiki/Milton_Friedman Chicago School of Economics https://en.wikipedia.org/wiki/Chicago_school_of_ economics Uruguay Round of GATT https://en.wikipedia.org/wiki/Uruguay_Round mortgage-backed securities https://en.wikipedia.org/wiki/Mortgage-backed_ security Barclays Aggregate Bond Fund https://en.wikipedia.org/wiki/Bloomberg_ Barclays_US_Aggregate_Bond_Index Center for Retirement Research at Boston College https://en.wikipedia.org/wiki/Center_for_ Retirement_Research_at_Boston_College Dillon, Read & Co. Inc https://en.wikipedia.org/wiki/Dillon,_Read_ %26_Co. Financial Bubble https://en.wikipedia.org/wiki/Economic_ bubble World Economic Forum https://en.wikipedia.org/wiki/World_ Economic_Forum US Department of Housing and Urban Development https://en.wikipedia.org/wiki/United_States_De- partment_of_Housing_and_Urban_Development Sovereign Wealth Funds https://en.wikipedia.org/wiki/Sovereign_wealth_ fund Quantitative Easing https://en.wikipedia.org/wiki/Quantitative_easing