united healthcare workers east, had to reopen all of their contracts for 145,000 members two years early. gave up all the raises, reduced the benefit for future hires. so on the union could plug the massive gaping pension hole. wouldn t it be great if they could just get some sort of healthcare that could take care of all of this? in 2007, they only had 74% of the assets needed to pay its benefits. then you have these, the bigger plans operated for the teamsters. altogether they have 59% of the reserves necessary to cover the pensions. 26 funds at the food workers union. 58%. seven locals of the united brotherhood of carpenters, 67%. take a look at funded ratio of 13 seiu local pension funds from 1996 through 2006. i m guessing it s worse than this now. here they are.
united healthcare workers east, had to reopen all of their contracts for 145,000 members two years early. gave up all the raises, reduced the benefit for future hires. so on the union could plug the massive gaping pension hole. wouldn t it be great if they could just get some sort of healthcare that could take care of all of this? in 2007, they only had 74% of the assets needed to pay its benefits. then you have these, the bigger plans operated for the teamsters. altogether they have 59% of the reserves necessary to cover the pensions. 26 funds at the food workers union. 58%. seven locals of the united brotherhood of carpenters, 67%. take a look at funded ratio of 13 seiu local pension funds from 1996 through 2006. i m guessing it s worse than this now.