[Alberta's Child]

There are almost 400,000 retirees in this pension fund. The local affiliates that support it probably have fewer than 200,000 working members.

This is a demographic disaster, not a case of mismanagement. See the U.S. steel industry for a case study in how this unfolds.

[Fido969]

There are almost 400,000 retirees in this pension fund. The local affiliates that support it probably have fewer than 200,000 working members.

Us regular stiffs need to fund our IRAs or 401(k)s as we go.

Huge unfunded liabilities relate to management strategies, and shouldn't be dependent on optimistic projected demographics. Those are the elements of a Ponzi scheme. Why should I have to bail them out?