76 to be an appropriate description of 2017 and the year ahead. We have had plenty to say about pension funds in this current 2017 Annual Wrap Up, so we will not add more here, but simply point out that the news on pen- sion funds was explo- sive in 2017. We expect even more in 2018. Courts Decide • Another Ruling Says Pension Set at Hire Can Be Cut • Illinois Supreme Court Rules Against Pen- sions Pay Up, Fix Up or Else: • Christie’s last N.J. Budget Will Include Full Scheduled Pension Payment • UK Corporate Pensions Headache Could Worsen in 2017 • Global Pension Underfunding Will Grow To $400 Trillion Over Next 30 Years • Illinois Too Broke to Fix: Chicago Police Pension Fund Broke by 2021 at the Latest • Ohio’s Public-Employee Pensions Face Cutbacks • Teachers Retirement System of Texas is ‘Too Big to Fail’ • General Mills to Freeze U.S. Pension Plans • The $31 Billion Hole in GE’s Balance Sheet That Keeps Growing • Here Are America’s Most Underfunded S&P 500 Corporate Pensions • Houston voters OK $1 billion measure to bolster police, city workers pension funds • All FTSE 350 DB schemes could be closed in 10 years • California’s Brown Raises Prospect of Pen- sion Cuts in Downturn 2018 • UK: State pension will run out without NIC increase, Govt actuary warns • The Funded Status of Local Pensions Inches Closer to States Twisted by Op’s: • Divestment Report: Climate Politics Hurts Pension Fund Returns • Robbing the Cradle to Secure ‘Social Security’ • Top 10 Reasons Why Stealing From State And Local Public Pensions Is The Perfect Crime • Trump Plans to Cut Social Security, Medicare in Second Term • State Should Start Investing Pension Funds in a ‘Boring, Responsible’ Manner • Tensions with Pensions 2018 • Survey Shows Majority Of Pensioners Have No Idea Their Pensions Are Underfunded • $8 Trillion Short On Pensions?! “No One Goes To Jail Because Establishment Is Complicit” • The System Is About to Burst Open: TRIL- LIONS In Unfunded Pensions “Foreshadow A Bleak Future” • Warning: You May Be Next: 400,000 Peo- ple Just Had Their Pensions Cut By 50%: “Going to Happen To The Rest Of Pensions in the United States” • Forget The Phony Pension Accounting, Here’s How Much Your State Pension Is Really Underfunded Multiple Bad Decisions Don’t Fix Problem but Require Rescue: • Fix for troubled Dallas Police and Fire Pension System Passes Senate • Texas Senate Passes Bill Overhauling Houston’s Troubled Pension Systems • Pew Trust: WV ‘Tremendous Turnaround IV. NEWS TRENDS & STORIES