Posts tagged unfunded pension liability
Congress’ Vote on Delphi Pensions Bailout Shows Problem With Putting Unions Above Law
July 28, 2022 // Congress is set to vote this week on HR 6929 to retroactively bail out the pensions of about 20,000 former Delphi auto-parts employees who had their pensions reduced beginning in 2009. This proposed bailout, the Susan Muffley Act of 2022, is different in a number of ways from the recent no-strings-attached $97 billion bailout of about 250 select union pension plans, but it highlights the problem of lawmakers putting powerful unions above the law and requiring taxpayers to pay for their wrongdoing. Delphi Salaried Retirees Association, Bruce Gump, James Sherk, Todd Zywicki, Auto Bailout or UAW Bailout? Taxpayer Losses Came From Subsidizing Union Compensation,
ALEC: Illinois’ unfunded pension liability $533 billion; $8.2 trillion nationwide
June 13, 2022 // Jonathan Williams, ADC, general fund budget, federal bailout, Illinois Supreme Court,