They used to, it worked very well for a long time.<quoted text>. Setting aside money to pay for retired workers is a great idea. All government agencies should do this. It is called fiscal responsibility. We tax payers should not have to pay for this overly generous union benefits.
Now they take that money and gamble on Wall Street, if they lose it? Oh well.
So much for fiscal responsibility.
Do the CEO's not get benifits and golden parachutes?
For running companies into the ground, then stick taxpayers?