Sweet taste of victory for Peeps union workers as judges rule against candymaker

[MichMan]

2. Not sure this is good for the new workers

Many of the multi employer pensions plans are in jeopardy right now as many of the companies with active retirees are no longer in business. Take the Central States Teamsters for example; the number of retirees to active workers is at a very unfavorable ratio

While this news is good for the older workers, there is a good possibilty if the plan goes broke and thus turned over to the Pension Benefit Guaranty Board, that the younger workers would receive a fraction of what they have earned when it becomes their turn to retire. They might be better off having a 401K with a match