My brother belonged to the printers union in Illinois, worked for 30 some years. They went bankrupt, and the Teamsters bought them out.
He was promised 75% of his pay as a pension. I think he said it was around 650 a week.
Within a year of the Teamsters taking over his union, his pension was reduced to like $125 a week. Less than SS.
He was a union man his whole life.....
During this time were the union “bosses” saleries also reduced the same way?
No, i didn’t Think so.