Game On

The Teamsters’ Central States Pension Fund has requested Treasury approval for an average 23% reduction in benefits to pensioners. At current benefit levels, the plan projects that it will become insolvent by 2025.

Now the politics begin. Leading off is Bernie Sanders, who thinks that taxpayers should make up the shortfall. Naturally.

Perhaps I can send in my losing trades in my IRA for reimbursement?

Post a comment or leave a trackback: Trackback URL.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: