Some people forget that the moneys paid in to the pension funds are part of the wages earned AND agreed to by employees & the employer. Yes, they have been poorly mismanaged. But that was & is not part of the job for the rank & file. Instead of 2 bucks an hour more or whatever the figure is, we voted for less when working, so we would have something when retired. Pension funds across the country (private & public) are running out of money because the companies or state failed to fund them. Like Social Security. Borrow from the fund or never fund it like it should have. We trusted our pensions to be funded. Legal theft. In Bankruptcy Law, a pension fund is one of the first debits to be discharged. Like I said. Legal theft. von.