Your dues money buys nothing.

There is story today on the wires abut the multi employer teamsters pension cuts. Congress has set the precedent, and the pbgc has moved to cut benefit payments to beneficiaries in their custodial plans.

There well be no 'bail out' of the pbgc. The teamsters plans are just the first straw.

Tens of thousands of alpa pilots..... and hundreds of thousands of AFL-CIO members... are going to have their pbgc payments slashed, while the reorganized corporations reap windfall profits and management bonuses resulting from shedding retirement plans to the pbgc.

What could get done is congressional legislation requiring the now wildly profitable restructured corporations and their highly compensated managements offset any pbgc reductions in benefits to sustain the level of benefit payments.

Alpa.... and the AFL-CIO....... are....and will do..... nothing.