I know this about the IAM.
1.They had us vote months early on the contract because the pension being in the red zone was going to be announced and they would have a hard time getting it passed once the members were aware of that.
2. Our local had $20,000 dollars stolen by an office manager right under the noses of the President and Treasurer of our local.
3. The office manager is the wife of one of the Union Vice Presidents.
4. The IAM is as bad as the Teamsters.
Also that Butch Lewis act is a joke. It will lend money to entities [Pension Funds] that aren't solvent now and are just going to get worse in the future.
Like they said in the 2008 Bankruptcy days, someone is going to take a haircut. Also it may not be fair to people that are expecting those pensions but it is even more unfair to make people that don't have and never will have pensions to pay through taxes and revenue shifts to rescue someone else's pension.