The Teamsters Have A New Pension Scheme For A Taxpayer Bailout

cheryl

I started this.
Staff member
The Teamsters Have A New Pension Scheme For A Taxpayer Bailout - Labor Union Report

A decades-old problem is coming home to roost and the Teamsters want taxpayers to bailout their sinking ship.

Every year that passes, the trustees of the International Brotherhood of Teamsters’ pension funds get more and more desperate.

With several pension funds already going belly up and their biggest one—the Central States Pension Fund—losing $2 billion per year, time is running out.

Now, the Teamsters has come up with a new scheme that the union is trying to sell to Washington lawmakers—one that may require Americans to, ultimately, foot the bill.
 

UpstateNYUPSer(Ret)

Well-Known Member
The "plan" is to find a venture capitalist who is willing to purchase our "debt" with the promise of a 3% return on their investment. The key is to get the government to guarantee the "debt".
 
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