My husband happens to be one of these people. They said they wanted to take so much out of his pension check. Almost half and he chose to give up 15% for my survivors benefit and they wanted a 100.00 out of it and I haven't even gotten it. The reason a lot of these pension places are losing their money is because people are not MADE to join a union anymore. Back years ago there wasn't ANY job that didn't make you join. Now they don't so they aren't racking in big bucks like they use to. PLUS they don't use it in useful ways. I am for this because at least they would have to pay it back. That would be something they haven't had to do. There are a LOT of people who are going to suffer because of this. Its NOT all mismanagement. It is a sign of the times and they need to figure out how they are going to be able to give people the pensions they ALREADY have earned.