Skip to comments.Thousands rally in Ohio for solution to pension crisis
Posted on 07/12/2018 11:42:41 PM PDT by Libloather
COLUMBUS, Ohio (AP) The house. Food on the table. Survival.
Those are some of the ways workers and retirees who demonstrated in Ohios capital Thursday described the pension payments they are fighting to protect.
Its everything, mostly, because you worked all of them years, said Duane Ross, 61, of Cadiz, who spent 30 years in the mines.
Ross was among thousands of unionized coal miners, iron workers, teamsters, bakers, tobacco workers, millers and others who descended on the Ohio Statehouse to rally ahead of a congressional field hearing in Columbus. They brandished signs saying Save Our Pensions and wore T-shirts that reminded politicians, We Are Everywhere.
(Excerpt) Read more at apnews.com ...
Indeed, this is the dirty secret of short term do it now policies that feed monies promised to Union Employees Pension plans to corrupt bosses who use it to buy influence or just steal it from the fund in various ways.
Been that way since the early days, watch the movie Hoffa and it is right there in front of you.
Yup to both. Maybe if they’d just taken all those dues payments and put them into an index fund...
Like your name, Ike was a good president and my family were pro Goldwater in the next election after
Family has been in the Republican party since it was founded
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.....
When you give your money to strangers to hold for your future...
You are zucked!
(Everybody will figure this out soon enough...) :-(
The “solution” is a loan program for Seniors?! That would have the same effect that reverse mortgages have on home equity. Loans have to be repaid. They’d be repaid with assets upon death. It’s another nail in the coffin of the middle class, while the rich (and those who mismanaged the pensions) get richer.
How about taking the money from welfare and Medicaid payments-especially to illegals?
Save Our Pensions means taxpayer bailouts.
Were not asking for a handout from the government. Were asking for a loan, said retiree Al Hall, 78, who rode in overnight by bus from Illinois. They bailed out all of the other companies. They should bail us out, too.
Mr. Hall, who’s going to pay back the...erm, “loan”? Not you. You’really unemployed and will likely be dead.
Too bad. Let it run out. I saved for myself. Screw those that think they can live off the tit because they worked for 20 years or so and expect to get paid forever.
Hey John Kasich,
Where have you been while the states pension fund has been failing?
Oh that’s right, you’ve been deluding your ass in to believing you are presidential material.
Hey pal, you couldn’t carry The Donalds jock.
During this time were the union “bosses” saleries also reduced the same way?
No, i didn’t Think so.
The lawyers always win in the end.... :(
The vulnerability of union pension funds is that the funds are not necessarily invested with an eye to maximum returns and security.
I’d like to see the unions stripped of control over the funds. Have insurance companies bid for taking over the funds and offering annuities to retirees (which may not be as high as the union people were expecting, but that’s life).
This might be an opportunity.
Make the government employees understand that the viability of their pensions is totally dependent upon the financial health of their state (and its attractiveness to the TAX PAYING middle class) and their allegiance to the Democrats’ policies may reduce.
The solution is a loan program for Seniors?! That would have the same effect that reverse mortgages have on home equity. Loans have to be repaid. Theyd be repaid with assets upon death. Its another nail in the coffin of the middle class, while the rich (and those who mismanaged the pensions) get richer.
100yrs+ of the Socialist example...nobody’s even SUGGESTING (anymore) privatizing (aka keeping one’s own property), doing away (nobody cares re: Constitutional), piping up how union contracts are conflicts of interest, etc.
And, being on one’s death-bed or door-step of the poor house is the wrong time to have come to said realization of giving GOVT *anything*.
Now the dirty little secret is:
When did they first realize this was happening and what actions have they taken since. This is part of the Left trying to destroy the USA. Free health care, welfare, SNAP, education of illegals, etc...
They knew back in the 1990’s about the pensions going bankrupt, Social Security going bankrupt, Medicare going bankrupt, Disability going bankrupt.
What did they do and say? Why are these people shocked?
Where was the investigative reporter?
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