Fears grow over Teamsters pension fund

Washington Examiner ^ | 4/7/13 | Sean Higgins

[dragnet2]

There are now more unionized government employees than those in the private sector

Lets hope they all go broke quickly.

[VanShuyten]

“With just 60 cents of assets for every $1 in obligations, the Teamsters pension fund is considered in “critical” status by the Pension Benefit Guaranty Corp., the federal agency that backstops failed pensions.”

While not currently funded by tax revenues, you can bet that when some of these big union pension funds go belly up, the Pension Benefit Guaranty Corp. will run to Uncle Sugar for cash.

[joe fonebone]

Undersunded union pension plan???

employers pay into it...

not their fault..

IDGAF....