Bankrupting of US Pension Funds Has Begun #PensisCrisis

(Before It's News)

—>NewsLike many union shops in the private sector, the teamsters Local 707 was a victim of bad timing and industry deregulation. The New York State Teamsters pension fund and the Central States Pension Fund are also teetering on the brink of insolvency. Pensions across America, quickly entering crisis mode, lost money in the 2007-2009 stock market crash. Poor decision making and horrible…

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