So, in the future if you contract for work with ANY company, try to get as much money up front as possible, and make sure you have a contingency plan to recover your costs outside of bankruptcy ruling.
This isn't a democrat/republican/union thing. There's no shortage of slimy crooked businessmen and bankers out there, and they WILL screw you over if you give them the slightest opportunity.
Contrary to your popular belief, all businessmen are NOT noble, nor honorable, and neither are the union bosses, or the government regulators.
Like I said, have a plan when they renege on their end of a contract.
When it comes to pensions the only thing that matters is how much money is put into either your own retirement account or a hard actuarailly based independent pension plan. The UAW like most unions settle for promises that are not paid for. They know the companies will never pay but they tell their membership how they have won generous pensions.