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<blockquote data-quote="Bill" data-source="post: 213085" data-attributes="member: 5483"><p>Red, you are so blinded by the Teamsters, that you can't see the handwriting on the wall. The pension plan in CS is only 47% funded and going further into debt each year by approximately $3 billion. At the current pace, the pension fund will be bankrupt in roughly 7-10 years. Something needs to be done, but you and your Teamster cronies keep backing up CS and the Teamsters. They don't have a clue or a solid financial plan to remedy this situation, so you divert attention away from this issue by blaming everyone else. You would rather allow the Teamsters to continue on this reckless path than to let someone else manage this fund. Why? The answer is obvious. As long as the Teamsters control the pension fund, they can steal money for themselves in the form of administration fees which are astronomical. Does it take over $120 million to run the pension fund and another $61 million to administer the health and welfare benefits?</p></blockquote><p></p>
[QUOTE="Bill, post: 213085, member: 5483"] Red, you are so blinded by the Teamsters, that you can't see the handwriting on the wall. The pension plan in CS is only 47% funded and going further into debt each year by approximately $3 billion. At the current pace, the pension fund will be bankrupt in roughly 7-10 years. Something needs to be done, but you and your Teamster cronies keep backing up CS and the Teamsters. They don't have a clue or a solid financial plan to remedy this situation, so you divert attention away from this issue by blaming everyone else. You would rather allow the Teamsters to continue on this reckless path than to let someone else manage this fund. Why? The answer is obvious. As long as the Teamsters control the pension fund, they can steal money for themselves in the form of administration fees which are astronomical. Does it take over $120 million to run the pension fund and another $61 million to administer the health and welfare benefits? [/QUOTE]
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