Here is a link to what really happened to our Pensions. It is a interview on C - Span's Washington's Journal with Karen Friedman of the Pension Rights Center called : Pension cuts in the 2015 spending bill
Also here is the link to the summary of the Pension cutback provisions in the 2015 Omnibus spending bill / from PRC
ATTENTION UNION MEMBERS
2015 and 2016 was not a good year for Pension Plans in America, why because they only earned .1% on their investments at best. They have to earn 7.5 % to stay out of the Red Zone. Their are now about 400 construction Pensions in the Red Zone out of ABOUT 1200 Multi - employer pension plans. America has had only .75% GDP growth in the last 6 years. Between the stock market, bonds at 1% , no growth and Pension Smoothing our money for our retirements is gone.