The best outcome is ensuring that the unhappiness is at least equitably managed.
Because, believe it or not, in the early 2000s, this now nearly-insolvent plan was fully funded.
Rahm’s support of pension reform is not a game-changer, but it’s not nothing, either.
Sure, we can debate to what degree multi-employer plans were mismanaged. But Congress didn’t give them the right tools to begin with.
Two pension plans with the same name and superficial similarities. Two rather different fates.