Democrats and labor unions have a long history of working together, with labor unions delivering piles of election cash (sucked from member dues) and union member votes in exchange for dubious, pro-union legislation such as requiring union membership to work in a state and looking the other way when unions violate laws or requirements that other entities must follow. Union pension funds have often been a reliable source for financing slush funds and other scams that enriched the union leadership and politicians, but were rarely monitored to ensure union members and their retirement funds were being protected.
The unions generally have also promised much more than they could deliver, and like all ponzi schemes, the promised money finally exceeds incoming revenue. And now 407,000 private sector workers are about to lose most of their pensions due to false promises and phony financial projections.
One of the nation’s largest pension funds will be broke by 2025, page 2:
Join the party. Most of us don’t know many people to get into these union jobs with pensions. We have to work out butts off and put away money in 401k plans and try to make good investment decisions for our retirement. We have to fend for ourselves and take what our employers match and hope that we saved enough because we all know that social security, which we are still paying into probably won’t be there in the next 20 years.
Don’t fret about this its the least of tour concerns ,by 2025 the 7 year trib should be well under way or even over and the Lots Of Lords will have returned to rule and reign for 1000 years . so cheer up you will either be reigning with Christ or be resigning in Hell with the Antichrist
If you paid in, you should get it back.
Illegals and H-1B green cards are being used to eliminate American jobs. This is an outrage. Do you really think these foreigners are here to pay for your socialism?
Yes but they are not taking a pay cut so you are Go I Support Donald Trump
That’s b******t!
Yes, right… They never lie and try to deceive. They always follow the rules. I guess that’s why they are going bust.
But Obama wants an 18% increase. Right.
Silly conservatives. When unions were strong pensions benefits and wages were high and stable. There were laws protecting workers pension. After Reagan helped destroy the unions the workers of this country have been stripped of their rights now trump will cut their social security and we will return to the gilded sge. Well done conservatives a return to slavery in only 35 years
better then the criminals running the Unions…LMFAO