"A 1982 consent decree, designed to rid the Fund of corruption, turned over management of much of its assets to Wall Street firms such as Goldman Sachs. These firms collected more than a quarter-billion dollars in fees just in 2009-2013. For a while, the Fund was flush -- so flush that the IRS ordered the trustees to either take in less money or pay out more. They started sending retirees a 13th check each year, and later instituted '30-and-Out' and then '25-and-Out.' Retirees made plans accordingly, not knowing that their union president and UPS would impoverish the Fund[.]"  MORE >>