Millions of Americans’ pension plans are still hanging in the balance, with Teamsters members – from UPS to Giant Eagle workers – making up quite a large majority, and unfortunately for taxpayers, a bailout of some sort seems to be looming in the pipeline. 
Congress has instituted a bipartisan Joint Select Committee on the Solvency of Multiemployer Pension Plans. At the end of November, the Committee is expected to tell Congress and the public what their plan is for avoiding the bankruptcy of hundreds of MPPs. Read more about how we got into this mess here. We’re not the only ones with pension problems though. “Puerto Rico violated a law meant to safeguard the pensions of its public-sector workers who have been unable to invest the more than $300 million they contributed to a new retirement plan.”
