http://www.dispatch.com/content/stories/business/2015/10/16/planned-pension-cuts-outrage-retired-teamsters.html
Union members need to read and research. These union funds are a racket and it is just stupid as heck to enhance our retirement by dumping even more funds into the IAMPF. Obama chose not support union members but aligned with the Union Bosses who sponsored the bill instead of standing up for hundreds of thousands of union members who will now be sacrificed by their Union.
Only with these arsehat multi employer plans has this ridiculous law been signed to.
And the IAMPF had to whack hundreds of thousands of current union members just to survive the plan one year ago. Me being one of them who got future benefits whacked by 45%. Now, union pension trustees can steal from retirees and slash checks given 6 months notice. Never mind that the IAMPF has a ridiculous spousal offset. If you want to insure that your wife is taken care of, but you die, the good ole IAMPF trustees tax the hell out of your pension and stick it in their pockets instead of the ole lady. It calls this the 'spousal offset". The IAMPF is rigged and any union official who advocates MORE into that is just a shill for the IAM.
regards,