The stuff that old people need in their retirements to live is getting more expensive due to the types of shenanigans that PE firms are doing. So their pensions appear solvent now but when those old folks actually retire, their money won't go as far? Doesn't add up. I think the people who are really benefitting here are the usual suspects - the ultra rich, and the PE guys at the top doing this transfer really are evil.

> So their pensions appear solvent now but when those old folks actually retire, their money won't go as far?

The pension people aren't being scored on doing well for their clients. They're scored on money. They don't care.

Ain't no different than some jerk in an insurance/regulator office cooking up a rule about PPE based on first order assessment of a bunch of crappy data. The guy who gets mashed by a forklift he couldn't hear coming doesn't hurt their KPIs. He didn't suffer occupation related hearing loss. MissionAccomplished(TM)

Pretty much every industry that deals at the statistical level whether it's PE making investments or something else runs in this manner.