Thread: Congress Wants To Bail Out Union Pensions

Congress Wants To Bail Out Union Pensions
by Connie Hair

06/15/2010

A new bill introduced by Democratic Sen. Bob Casey of Pennsylvania would set up a taxpayer bailout of underfunded, multiemployer union pension plans.

The Pennsylvania senator recently introduced the latest in Orwellian-named Democratic bills—the “Create Jobs and Save Benefits Act of 2010.â€

I am not an anti-union person but I don't like Casey’s bill. The tax payers should not bailout the pension fund. The fund was created many years ago and was thought to be a good plan by everyone except the employers. The problem is the membership numbers have crashed and it is not a sustainable plan any longer.
I think the three option put forward are fair. The union retirees will have to live on SSI if they don't have something like a 401k.

NO MORE BAILOUTS!