Seriously, 8 years of zero interest under Obama must have put a terrible dent in union pension funds.
Public pension funds are underfunded to the tune of trillions. Employees were and are way overpromised, and the people running the damn things set insane ROIs.
The public employees I know are aware of all this and don’t care, one employee excepted, how badly they have to beggar taxpayers to get what they were promised.