Underwater: Horribly Underfunded, The PBGC May Not Have Funds To Cover Failed Union Pensions
With so many unions’ multi-employer pension funds in critical status
, there is an increasing likelihood that union members expecting a pension may not actually receive one.
In fact, retired union workers are already facing ‘unprecedented’ pension cuts.
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Union Bosses’ Water Carriers: Is Obama Administration Dodging Overdue Pension Reports?
For several years now, even though problems were well documented before, union bosses have been hiding behind the current financial meltdown as a main cause for their massive pension under-funding problem. Now, it appears that the Obama Administration is helping to hide just how bad the problem is. Despite a 2010 failed attempt at getting a tax-payer bailout for union pensions, the fact is, many union pension plans | Read More »