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Teamsters Pension Fund to cut Benefits 50%+ as Fund Could Bankrupt Govt. PBGC
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<blockquote data-quote="barnyard" data-source="post: 1892076" data-attributes="member: 13921"><p>Anyone that took anything more than 8th grade math, should have learned that a guaranteed benefit pension with a shrinking workforce is unsustainable. I graduated HS in 1982 and knew then that pensions would be a thing of the past by the time I got to that point.</p><p></p><p>If the Teamsters were smart, they would figure out what it would take to convert to a defined contribution and allow individuals to screw themselves out of their pensions.</p></blockquote><p></p>
[QUOTE="barnyard, post: 1892076, member: 13921"] Anyone that took anything more than 8th grade math, should have learned that a guaranteed benefit pension with a shrinking workforce is unsustainable. I graduated HS in 1982 and knew then that pensions would be a thing of the past by the time I got to that point. If the Teamsters were smart, they would figure out what it would take to convert to a defined contribution and allow individuals to screw themselves out of their pensions. [/QUOTE]
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