With public attention focused on health care, tax reform, border security and terrorism, a rapidly growing financial crisis continues under the radar.
Millions of Americans could be affected by public and union pension funds facing potential collapse. Coupled with that issue is the future of Social Security as well.
Rich pension payouts promised to government and union workers can’t be sustained because more funds are not achieving needed investment returns.
One solution could be to reduce the promised payouts and trim back benefit coverage as well in order to keep these programs solvent.
Find out how some unions and government funds propose to deal with the looming crisis on the next page. Will it be enough to handle the problem?
Republicans always attack the working people
Pension funds have been in trouble for years due to mismanagement. Trump has nothing to do with that.
It’s time for unions and workers to save their own pension or suffer the consequences of total collapse later and no public taxes should ever be used to support these ridiculous pensions.
Real unions do
Unfortunately, public pension shortfalls will be picked up by the taxpayer.
Agreed. Workers need to require pensions to be funded, and to contribute to that funding with a vesting schedule, so the money is yours.
Most broke pensions are with unions and government workers.
Yep the government spends the money they took or promised them and then get the voters to blame the working people and they buy it because media works on the weak minded voters …look what just happened and who won and why ….calling names and f**e scandal bull$#%&!@*none stop
But we can build a bullet train to no where
Have you heard the dixiecrat story democrats tell about how during Nixon’s presidency the republican and democrat parties swapped positions? According to that story you are comparing the republican party before the swap was made.