Investigation Into Causes of Teamsters Pension Failures Should Precede Benefit Cut Negotiations

When pensions fail, generally all parties responsible—including the Pension Benefit Guaranty Corporation (the federal government agency that protects pensions)—agree there is no need to investigate the causes of the collapse. Wall Street firms earning fat fees for managing pension assets; conflicted investment consultants recommending asset allocations, as well as money managers […]

Original: Forbes Real Time