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This is no time to bail out already-failing union pension funds

Editors, Washington Examiner

Another bad idea now getting a second wind thanks to the plague is a bailout of private union-controlled pension funds. Democrats have been pushing this idea for decades. Now, they are pushing it again, hoping to exploit the fact that the nation is in crisis. But if ever there were a bad time to bail out pensions, this is it. The Democrats’ proposal would spend over $100 billion to kick down the road a preexisting structural problem of 125 multiemployer union pension funds that were failing even in good times, all the while overpromising and underfunding the retirement of the workers they were charged with protecting. Now is not the time.