Members of the International Brotherhood of Teamsters and their supporters attend a rally in 2016. Their Central States Pension Fund, of which Mike Walden is a participant, and upwards of 130 other multiemployer plans, will go insolvent, some within a matter of a few years. (Photo: Bloomberg)
Eleven months into a scheduled 13-month deployment, the Marines in Mike Walden's unit began carrying a deck of cards in the field. They were 52 days out from going home; for each day that passed, a card was pulled from the deck, memorializing the end that was in sight.
By the end of the card deck, Walden, a .50-caliber machine gunner, and his unit weren't going anywhere.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
