Big Labor Pension Fund Implosion a ‘Harbinger’
New York Teamster Retirees ‘on the Edge of Financial Disaster’ As a consequence of the February insolvency of the Hempstead, N.Y.-based pension fund of Local 707 of the International Brotherhood of Teamsters, the full promised benefits for roughly 4000 current retirees have plummeted. Payments for retirees and beneficiaries previously averaging $1313 a month are now […]
The post Big Labor Pension Fund Implosion a ‘Harbinger’ appeared first on National Right To Work Committee.
Source: https://nrtwc.org/big-labor-pension-fund-implosion-harbinger/
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They will get a chance to join the people that worked and had no pension available. Wait till they find out what life is like with just social security. Got some bad news for the teamsters, it’s worse than welfare.