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UNWA Pension Plan Promised $5.6 Billion More than It Can Pay

Created on September 6, 2016

UNWA Pension Plan Promised $5.6 Billion More than It Can Pay

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Read the original report, "Government Intervention in Coal Mining Seven Decades Ago No Justification for Pension Bailout Today," by Rachel Greszler.

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Source: United Mine Workers of America, 1974 Pension Plan's 2014 form 5500 filing with the U.S. Department of Labor, http://www.FreeERISA.com (accessed August 19, 2016). Reported figures are the "Current Value of the Assets and 'RPA 94' Current Liability."

CHART 1 • BG 3151

Tags: coal-mining, bailout, United-Mine-Workers-of-America, UMWA, pension