[Fido969]

The pension execs got reelected and paid fat salaries for making promises they couldn’t keep.

Rather than pay back the salaries they collected based on false promises, they get Uncle Sugar to bail them out

[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.

[volunbeer]

Substitute “politicians” for “pension execs”.

Our children and grandchildren will feel the same anger towards us because of “entitlements” as you and I feel about this illegal boondoggle.

Government should NEVER be in the business of bailing out any private entity. Period.

The 2008 “too big to fail bailouts” taught us nothing and our government was hopelessly entangled in that from start to finish.

PS - if you think this number is bad wait until the democrats bail out the blue state pension systems. That day is coming sooner than you think.

[Liz]

I guess Zelensky’s gonna be looking for the union label.....smirk.