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E139: Recapping Chamath's wedding, VC surplus, unions vs Hollywood, room-temp superconductors & more
All-In with Chamath, Jason, Sacks & Friedberg
The Underfunding of Pensions in the United States
The unions have built up over years to where people can make three or $400,000 a year in the last two or three years. They goose that up because then they base their pension on the average of the last three years. And there's a big argument now that there's probably over a trillion dollars of underfunded pension liabilities in the United States.
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