"If there is going to be a low interest rate loan program to undergird the massive soon-to-be insolvent multiemployer pension plans, then the unions must have skin in the game and be in 50/50 with corporations on any risk pool that might be created in the event of defaults. There should also be full transparency including annual external audits for all affected multiemployer pension plans … In the event such a loan program and risk pool fails to shore up the system, the losses must be borne by the pensions via benefit cuts — not by taxpayers.”
Read the full article on: Americans for Limited Government