Union pension funds continue to struggle. News of late includes:

  • The American Federation of Musicians and Employers’ Pension fund, which covers approximately 50,000 people, is expected to run out of money within 20 years and is seeking to cut benefits.
  • Congress and the President have passed a measure to redirect taxpayer funds in an effort to save the dwindling United Mine Workers Pension Fund.
  • Police unions in Winnipeg, Canada are seeking $3 million in damages from the city over pension changes.