Posted on 06/29/2009 3:25:40 AM PDT by nateriver
Hundreds-of-thousands of multi-employer defined benefit union pensions are underfunded. The unions’ only hope is to force more and more companies to fund these massive failing pension plans. The companies will no longer be economically viable if they are forced by the government to fund these failing pension plans.
(Excerpt) Read more at workerfreedom.org ...
We knew this was coming.
At 62, I will have to take my retirement four years earlier that I had planned to do so.
Obama doesn't want to share the wealth, but rather equalize the misery and get whittie at the same time.
The worthless thieves in the GOP and communist led democrat party are worse than a standing army.
The final curtain is falling on the once great Christian but now pagan nation of America. And the left wing pagans God is using to destroy us for our sins against Him and His Son Jesus Christ our Lord.
After the cuts are made, and the pension fully funded, can the company survive on its new business model?
hh
Oh, they will muddle on. They want to raise caste and become a top teir defence contractor, but I don’t see that happening when they decimate their experience base to do it.
In the case of the Teamsters’ Pension, the taxpayers could cut out the middleman and just give the money directly to the Mob.
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