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Fiscal Cliff: Michigan Union Experiencing Same Pension Headache it Forces on Schools

TS8 Wrote: Dec 03, 2012 6:55 PM
Just think of the tens of millions the union wasted on the failed constitutional amendments, obama's re-election and supporting other left wing politicians, along with the very bloated wages of union officials. Could have made a dent in that underfunding. Oh well--at least the union management won't suffer and that's all that counts.

When it rains it pours for the Michigan Education Association.

It was recently defeated on Election Day when it attempted to pass a ballot proposal that would have enshrined collective bargaining in the state constitution. Now it’s in full panic mode about a rumored Right to Work bill that may be introduced in the state legislature.

So as the union’s power is waning, it appears the cupboard may be going bare, too.

The MEA has been foundering under staggering liabilities for the last few years, and it may have just gone over the cliff.

Despite only a minor drop...