I can't tell you how many trucking companies I've seen go out of business in the last 25 years, plus the former companies who were bought out by bigger fish - Rodeway/Fedex springs to mind.

So the companies went belly up and the retirement payments evaporated with them. Legally the Teamsters Central States were on the hook for payments, but apparently their money management skills left them $36 billion short in a pinch.

This can happen to any of us union or not; company crashes, pension disappeared. Workers need to have a plan B that they personally control.

I can't tell you how many trucking companies I've seen go out of business in the last 25 years, plus the former companies who were bought out by bigger fish - Rodeway/Fedex springs to mind.

So the companies went belly up and the retirement 'pensions' evaporated with them. Legally the Teamsters Central States were on the hook for payments, but apparently their money management skills left them $36 billion short in a pinch.

This can happen to any of us union or not; company crashes, pension disappeared. Workers need to have a plan B that they personally control.