You are on the wrong forum.
You should be on the "reasonable thought, common sense and personal responsibility forum". This is the my employer owes me free healthcare, the government owes me a secure retirement and YRC has plenty of money but they are hiding it with accounting tricks or putting it under a mattress forum.
401K plans generally match a portion your contribution. That means each teamster would have to actually save a portion of their six figure yearly pay. Personal responsibility is not in their contract so it does not exist.
Now the contract could shift some of the money, that's already there, from health and welfare to pensions but that would require co-pays and deductibles. More personal responsibility that would force each teamster to save for the future.
The pension funds are broke because the government stopped the embezzlement of funds when Hoffa senior was president of the IBT more than 50 years ago. Or was it deregulation more than 40 years ago. Either way, it's obvious that the taxpayer owes every teamster a pension.
How about this, it makes perfect sense, if teamster funds take the bailout and members draw from those subsidized pensions, they would forfeit Social Security benefits. My pension would go back to $ 42,500 but I would lose $ 30,000 in Social Security benefits. The bailout money would last 100 years and everyone would get a full pension.