has anyone every heard of the Pension Guarantee Trust? Guess what it does. It covers pensions of companies that have bankrupted their plans and screwed employees out of their pensions. The PGT then makes their pension payments. oh, I forgot, the payments are only worth about 30% of what they were supposed to get. I guess most people are okay with this since this does not have anything to do with union pension funds. guess where the money comes from. think hard now.