Management incompetence, as seen at Trimet, which has allowed for absurdly high unfunded liability seems to be part of governmental general incompetence. It's happened all around America and its the little guys that will get screwed, the executives never get hurt.
While people like Mcfarlane and Fred Hansen get insanely rich off the tax payers tit they continue attacking the blue collar workers as the enemy of the people. Americans not being especially generous or loving people, eat up the propaganda and can't wait to watch the destruction of their fellow Americans.
John Charles said it best, "the Trimet board of directors and the past executives should be in jail for spending the money that was supposed to fund retirements"
Association of Blue Collar Workers v. Wills (1986) 187 Cal. App. 3d 780 [232 Cal. Rptr. 174] :: Volume 187 :: Cal. App. 3d :: California Case Law :: US Case Law :: US Law :: Justia