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Ken H.

Well, as you can see by my age I am not yet retired, but I have been on the Teamsters union for 20 years now. I can certaintly see how this list of people who paid their share and then some into this fund are frustrated and I’m going to try and explain where it all went wrong. Let’s go back to the 2009 bank bailouts. Teamster entrusted Goldman Sachs with our pension plan who in turn invested in the stock market which we all know got decimated. With Obama bailing out banks that were too big to deal, that are now even bigger and doing the same thing now as then, banks no longer pay interest, so what little is left in the fund cannot grow. Basically the banks win and we all loose. That is about as simple as I can write it. It is a shame we live in the greatest country of the world and we still cannot support our own retired community. There is a solution, you or I should not be the ones suffering from their carelessness.