Without surprise union pension funds are drying up. Unions have always been a wealth redistribution scheme and now the little guy is getting screwed. All union workers should take a good look at both what industries are being hit and why the money isn’t there. While all are at risk it would be very good to know when to pull out before the crash.
Everything financial that a government or union touches should be considered no better than ponzi schemes. All the taxes and penalties in place to prevent early withdrawal of funds and the repeated economic bubbles bursting should make it clear that people do not own their pension money. Cash is skimmed off while those in power hope the common man dies before the money runs out.