Union Pension Turmoil Affecting Musicians, Mine Workers, and Police

by Phillip Wilson | Jan 23, 2020 | Unions

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.