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Yellow | NY Teamsters Pension Becomes First To Run Out Of Money

Of course, the Teamsters 707 and other Teamster pension boards attempted to submit plans that would have cut benefits in order to prolong payments to retirees but those plans were universally rejected by the Obama administration…better that the pensions just run out of cash completely
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It's all Obama's fault. First they blame Obama for not shutting down the government in order to block the Kline-Miller Amendment. Now they are blaming Obama for the Treasury Dept. not approving plan reductions that don't meet the requirements of the MPRA of 2014. Why not put the blame where it belongs with the Congress? They simply rushed thru Kline-Miller and gave the Treasury and IRS X number of days to figure out how to make it work. The plans were "universally rejected" as the writer calls it not because of Obama or the Treasury. They were denied because the cuts they requested wouldn't save the plans under the existing law.
 
I just cut this from republican Senator Rob Portman's Pension Accountability Act press release. Apparently he doesn't blame Obama. He wanted a better solution than the 11th hour backroom Kline-Miller Amendment attached to the year end funding bill.
Portman praised the Department of the Treasury’s decision last year to reject the application from the Central States Pension Fund to reduce benefits by up to 70 percent. He was vocal in urging the Treasury to reject Central States’ plan, calling instead on all involved parties to seek a better solution.
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http://www.portman.senate.gov/publi...eases?ID=AFEE1266-70A0-4156-8E6C-5AE1B14F6346
 
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Look on the bright side. CEO pay is doing nicely. They have plenty of money with which to buy legislatures. Workers? Not so much.
 
Again here ,WHERE was our Union Leadership watching over this say 10 to 15 years ago ?? and NO "Trip" not bashing union just asking why they wasn't doing there job we pay them to do ,so settle down ! Union & YRCW are the Greatest !!!! Happy Happy Happy to be a part of them !! I just want them to do the job they are getting paid for . Have a Great Day !
 
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Slim_ said:
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Look on the bright side. CEO pay is doing nicely. They have plenty of money with which to buy legislatures. Workers? Not so much.
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Really?

By the numbers: Teachers union political contributions in 2016

The following are details on political contributions from teachers unions in 2016, based on federal campaign data:

Political contributions hit a high in 2016, where donations hit $33.2 million. Of the money that went to politicians directly, 93 percent went to Democrats.

The top three contributors (including money to candidates, parties and outside groups) were:

The National Education Association ($23.7 million)
American Federation of Teachers ($8.8 million)
AFT Solidarity ($425,000)

http://www.foxnews.com/politics/201...rs-union-political-contributions-in-2016.html
 
Triplex said:
Really?

By the numbers: Teachers union political contributions in 2016

The following are details on political contributions from teachers unions in 2016, based on federal campaign data:

Political contributions hit a high in 2016, where donations hit $33.2 million. Of the money that went to politicians directly, 93 percent went to Democrats.

The top three contributors (including money to candidates, parties and outside groups) were:

The National Education Association ($23.7 million)
American Federation of Teachers ($8.8 million)
AFT Solidarity ($425,000)

http://www.foxnews.com/politics/201...rs-union-political-contributions-in-2016.html
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The koch brothers spent $889 million in 2016. Almost a billion dollars. Nearly as much as each of the political parties. That's just one billionaire (technically two since they're brothers) and one election. And I don't think they're buying elections for the benefit of our pensions. Faux News source? Are you kidding me? Faux News is owned (or was launched) by an Australian billionaire and a Saudi Prince. But they're probably looking out for the best interests of American peasants.
 
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