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Carpenterstrustfund Form

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now they're trying to prevent a meltdown I'm going to show you the numbers in a minute but if they don't take action now their pension fund will go broke if we don't do something now it's it's gonna be dire the carpenters have no rights work on projects big and small they were part of the massive crew building Little Caesars arena downtown they train apprentices inside their own facility in Warren their problem they have more retirees and active workers this is not an easy decision that I had to make her any other trustee to go back and reduce pensions that our retirees were promised by the numbers there's 772 million in the Union pension fund but that's only thirty four point eight percent funded by 2034 it would go broke before the year 2000 the pension fund was actually over funded it took a market hit then and it went on a steep decline after the 2009 recession some call a recession the building trades consider that it

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