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Teamsters face 31 percent pension cut
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<blockquote data-quote="Mugarolla" data-source="post: 2707151" data-attributes="member: 8481"><p>Correct.</p><p></p><p></p><p></p><p>It should never have come to this. Retiree pension payments should never have to rely on active pension payments.</p><p></p><p>The money should already be there for the retiree's, and the active payments "should" be going into the fund to support their retirement.</p><p></p><p>But, due to over promised pension amounts, the stock market, mismanaged funds and people living longer, the majority of US pension funds have turned into Ponzi Schemes. But they never started out this way.</p></blockquote><p></p>
[QUOTE="Mugarolla, post: 2707151, member: 8481"] Correct. It should never have come to this. Retiree pension payments should never have to rely on active pension payments. The money should already be there for the retiree's, and the active payments "should" be going into the fund to support their retirement. But, due to over promised pension amounts, the stock market, mismanaged funds and people living longer, the majority of US pension funds have turned into Ponzi Schemes. But they never started out this way. [/QUOTE]
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Teamsters face 31 percent pension cut
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