pensions – Behind The Black

The willingness of a small union to bankrupt Hostess will help do the same for many other companies.

The day of reckoning looms: The willingness of a small union to bankrupt Hostess will help do the same to many other companies.

And guess what? It is because of another ill-conceived federal law.

The day of reckoning looms: Government pension plans have about $1.2 trillion of unfunded liabilities.

The day of reckoning looms: A report released on Monday states that U.S. state and local governments have more than $2 trillion in unfunded pension liabilities.

Worse, the report notes that this number is three times higher than the number reported by those same state and local governments.

The pork goes on: The shuttle’s end has still left NASA with a half billion dollar pension bill.

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A Los Angeles suburb has laid off almost half its government workforce in an effort to stave off bankruptcy.