By
Stan Greer
| March 8, 2019
Just over two years into his presidency, Donald Trump is basking in the glow of good economic news for the U.S. The economy has added nearly five million net new jobs since Trump took office in January 2017. But despite these welcome developments, there is trouble ahead.............what to do about an estimated $600 billion or more in unfunded promises made by “multiemployer” pension plans. These are private retirement funds that are controlled by Big Labor in partnership with unionized companies. .....
Emblematic of the multiemployer pension crisis is the Teamsters 400,000-participant Central State Pension Fund. It is funded at a level of 28 percent to 38 percent, depending on the assumption you make about future investment performance, and is headed towards insolvency in 2025............. workers.......now face steep pension cuts never even voluntarily joined the union whose officers are at fault for having mismanaged their benefit funds........To Read More.....
No comments:
Post a Comment