Freightmaster1
TB Legend
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Check out this posting on Politico's website this morning...
THE COST OF INSOLVENCY: If a bipartisan congressional supercommittee doesn’t reach consensus on how to fix insolvent multiemployer pension plans--and it’s nowhere close to one now--a default by the Teamsters' Central States Pension Fund could cost 55,000 jobs, drain the Treasury of $1.2 billion in tax revenue, and suck $5 billion out of the GDP, says a new report penned by former House Ways and Means committee economist Alex Brill and sponsored by Protect Our Workers Earned Retirement (POWER!). Without a legislative fix, Central States is projected to go bust within seven years.
Here's a couple of links to the POWER report...
https://www.powrnow.net/wp-content/uploads/2018/08/POWER-Coalition-Statement-8-31-18.pdf
and
https://www.powrnow.net/wp-content/uploads/2018/09/2018-AB-Report.pdf
THE COST OF INSOLVENCY: If a bipartisan congressional supercommittee doesn’t reach consensus on how to fix insolvent multiemployer pension plans--and it’s nowhere close to one now--a default by the Teamsters' Central States Pension Fund could cost 55,000 jobs, drain the Treasury of $1.2 billion in tax revenue, and suck $5 billion out of the GDP, says a new report penned by former House Ways and Means committee economist Alex Brill and sponsored by Protect Our Workers Earned Retirement (POWER!). Without a legislative fix, Central States is projected to go bust within seven years.
Here's a couple of links to the POWER report...
https://www.powrnow.net/wp-content/uploads/2018/08/POWER-Coalition-Statement-8-31-18.pdf
and
https://www.powrnow.net/wp-content/uploads/2018/09/2018-AB-Report.pdf
