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

wdwrkr Wrote: Dec 03, 2012 10:53 PM
"The union is learning that it costs too much to guarantee employees sweet pension deals...." The unions aren't learning any such thing. They are counting on Fed gov't bailouts of bankrupt pension systems.

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...