teamsters Fail Again (but this is a good fail)

[swamt]

teamsters have failed to winn their bid on trashing the pensions. Final decision came on Friday from the US treasury dept. The claim from the teamsters was a 22% reduction when in reality it is more like 50% plus.  Someone going from $3000 per month down to $1450 per month is over 50 % reductions. Where in the world do they get 22% out of that???
 
http://www.startribune.com/treasury-to-announce-teamster-pension-cut-decision/378416931/

 

[WeAAsles]

teamsters have failed to winn their bid on trashing the pensions. Final decision came on Friday from the US treasury dept. The claim from the teamsters was a 22% reduction when in reality it is more like 50% plus.  Someone going from $3000 per month down to $1450 per month is over 50 % reductions. Where in the world do they get 22% out of that???
 
http://www.startribune.com/treasury-to-announce-teamster-pension-cut-decision/378416931/

 
Central States Pension Fund remains in critical and declining status and is projected to run out of money within ten years, or even less. Because the Pension Benefit Guaranty Corporation (PBGC), the government’s pension insurance program, is also projected to run out of money, today’s decision means that, absent legislative action or an approved rescue plan, Central States participants could see their pension benefits reduced to virtually nothing.

http://www.cspensionrescue.com/

http://www.cspension...Rescue-Plan.pdf