As retirees see their pension payments slashed in half, Health Ranger launches new Food Rising grow box to save retirees up to $1,000 a year on food and groceries
by: J. D. Heyes
NaturalNews.com
Thursday, March 17, 2016
Americans keep being told how good the economy is, and how well-positioned the nation is for the future – financially speaking – but reality keeps disproving those claims.
And in fact, nowhere is this reality manifesting itself as profoundly as in pension funds – that is, funds that are supposed to contain enough money to pay retirement benefits to workers who contributed to the funds.
As reported by Zero Hedge, a microcosm of this coming wave of pension fund failures is a man by the name of Dale Dorsey, a Teamsters union member.
In recent days, Dorsey attended a town hall-style meeting in Kansas City, Mo., where retirees turned out to discuss a “massive” cut to pensions that has been proposed by the Central States Pension Fund, which covers some 400,000 participants, and is more than likely going to go belly-up within a decade.
Dorsey, after working for 33 years, is facing a whopping 55 percent cut to his pension benefits, which he says will “cripple” his family and endanger the livelihood of two children, one a fourth grader and the other just entering high school.
How could this happen?
The Rest…HERE
