Magox Posted April 6, 2010 Share Posted April 6, 2010 http://dailycaller.com/2010/04/06/troubled...lp-on-pensions/ Legislation introduced last week could shift costs of union pension plans to taxpayers in an attempt to stave off organized labor’s pension funding crisis. Senator Bob Casey, Pennsylvania Democrat, introduced the Create Jobs & Save Benefits Act of 2010 to address the funding problems faced by union-administered multi-employer pension plans. Multi-employer pension plans have to cover the benefits of members, even if their companies are defunct. Currently the costs are shared among the companies that remain in the pool, but Casey’s bill proposes offloading them to the Pension Benefit Guarantee Corporation (PBGC), a federal corporation, which backs the pensions of 44 million workers, more than 75 percent of which are nonunion. “Multi-employer plans face unique challenges that are overburdening pension plans and the bottom lines of companies,” Casey said. “My legislation would help correct these problems to protect the pensions of workers and unburden companies stuck paying a crippling expense that threatens its existence and the jobs of its employees.” Casey said his bill would cost the federal government $8 to 10 billion. If this were to play out, I'd have to consider going Hutaree on their ass. Link to comment Share on other sites More sharing options...
Dante Posted April 6, 2010 Share Posted April 6, 2010 http://dailycaller.com/2010/04/06/troubled...lp-on-pensions/ If this were to play out, I'd have to consider going Hutaree on their ass. WTF?? Too fuggin bad if your company agreed to a dumb contract that you aholes bargained for. Link to comment Share on other sites More sharing options...
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