Sears & PBGC: Who’s Bankrupting Whom

How much will the Sears bankruptcy cost taxpayers? Let’s look at at some public information.

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5500 Day After – Central States

Another 5500 filing season has passed leaving some time, but little energy, for this blogging. Fortunately there were a lot of calendar year filings recently submitted for pensions in the news so it is the perfect time to do some updating – starting with the plan that is most likely to bring the PBGC (and the entire private pension system) down – Central States.

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Illinois Gubernatorial Debate on Pensions – Number 2

Another debate in Illinois and again, after the toilet questions had been exhausted, the pension issue came up:
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Both agree on the $130 billion hole but obviously are on the path of distracting from rather than tackling it. Contrast the jejune responses to the most serious challenge Illinois faces to how they perk up when allowed to wallow in the muck:

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Illinois Gubernatorial Debate on Pensions

Towards the end of the gubernatorial debate in Illinois (after the toilet questions had been exhausted) a facebook user brought up the pension issue:
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Again, not having followed Illinois pensions or politics too closely, I have two questions that maybe someone out there can help me with.

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Oregon Gubernatorial Debate on Pensions

Oregonians got to hear a question about what their gubernatorial candidates would do about a $22 billion underfunding of public pensions in the state. No real answer but some tiptop pandering from the current governor:
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A little later:
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Without having researched Oregon pensions, my initial impression:

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Breaking News: Local 805 Gets Letter; SMW Sends Letter

In April, 2017 the Local 805 Pension Plan of New York, NY filed to cut benefits under MPRA. In September, 2017 they withdrew that application. This March they refiled and today they got their letter.

This April the Sheet Metal Workers Pension Fund of Massillon, OH filed. Lat week they sent a letter.

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PA Pensions In Jeopardy

Last week Pennsylvanians got their hour of debate between gubernatorial candidates and the moderator hit upon the pension issue:
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Full pension discussion:

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