Obama and Labor, Too much Bed-time Together

The Coffee Shop
21

In my experience, the union pension funds are grossly underfunded and some are on the verge of going broke. So, when the union negotiates for an additional $1.00 per hour per employee into the pension fund, that entire dollar is not being placed into the fund for the current employees. What I am seeing is figures like $0.90 of that dollar going into the fund to “catch up” or keep it from going broke.

gee I wonder where it all went to ? :slight_smile: must just be a few bad investments (Vegas casinos) or mismanagement/corruption.

Dude, we gotta get together for lunch I got stories for you… preview= the pissing match I was in in 1996 with Local 200 re: getting out of Central States Fund…

22

Unfortunately, my last one got violent and involved damage to vehicles and other personal property (my car included).

sounds like things are getting kinder and gentler these days!!!

23

Dude, we gotta get together for lunch I got stories for you… preview= the pissing match I was in in 1996 with Local 200 re: getting out of Central States Fund…

Hah! Hah! I want to hear about that one! I have some great stories about the Central States Pension Fund!

24

end of the story is I sent em a $30,000 certified check and a jar of vasoline (in the same Fed Ex)!!!

I don’t think they needed directions for the vasoline!!