[neor]

Shortfalls are about the same, but I do wonder if the problem is as big as well.

I'm not sure about the US, but in the Netherlands the pensions are a hot topic in politics.

The pension funds have to maintain a minimum amount of money, and need to take action if they risk getting below the minimum.

Some/most funds are no longer indexing yearly based on inflation, and some funds are talking about reducing payouts to the retired. They are actively protecting their wealth to ensure the younger generation still has access to a pension when they retire.

On a grander scale there are talks about a completely new pension system; the big funds where the current generation of workers pay the pensions of the retired is fragile with the general aging of the population. The amount of working persons per retired person is shifting, so they are talking about restructuring in a way where every working person saves money for their own pension.

So when the article states that it is an invisible problem... not entirely true for the Netherlands.