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A UAW retirement trust fund, which provides health benefits to over 820,000 people, is...

A UAW retirement trust fund, which provides health benefits to over 820,000 people, is underfunded by almost $20B, due to rising medical costs and poor investment performance. These trends have also hit other funds, known as VEBAs, including those of the United Steel Workers.
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Comments (4)
  • 7footMoose
    , contributor
    Comments (2266) | Send Message
     
    Hi Ho Away, here comes the federal government to the rescue. Oh no, that's just Obama looking for votes.
    7 Nov 2011, 08:47 AM Reply Like
  • Tricky
    , contributor
    Comments (1628) | Send Message
     
    Have no fear. I'm sure this will be added to my tab.
    7 Nov 2011, 09:25 AM Reply Like
  • Poor Texan
    , contributor
    Comments (3533) | Send Message
     
    Well, we can't let these poor retirees miss their health benefits. Let's set up a new government program to take care of them. Oh, that's right, we already have. It's called Obamacare and it will give free medical care to all citizens and other residents of the country.
    7 Nov 2011, 12:12 PM Reply Like
  • kwm3
    , contributor
    Comments (2453) | Send Message
     
    don't forget the overpaid union boss who's chipping away at the pension too,,, just wait until the boomers retire, the pensions will be depleted to nothingness.
    7 Nov 2011, 02:22 PM Reply Like
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