This article was written by Tyler Durden and originally published at Zero Hedge.

Editor’s Comment: As baby boomers retire, large union groups are watching as their pensions go unstable, and they beg the government for help. Only, there isn’t and never will be enough to go around. Though the pension was mismanaged, even theft was from the public purse won’t be enough to stop the pain that will come when millions realize that their retirement money isn’t there, and other other benefits may be just as uncertain.

As Teamster truckers demand financial assistance, another huge question looms, unaddressed: What happens when driverless trucking kills the industry altogether, and millions of drivers are out of work with nothing better in sight? What jobs shall come, as technology displaces entire industries overnight, and people become more desperate than anytime that any of us have been alive?

Here Come A Lot Of Angry Teamsters: One Of America’s Largest Pension Funds Demands A Taxpayer Bailout

by Tyler Durden

Over the past few months, we have covered the unfolding saga (here and here) of the Central States Pension Fund, which handles retirement benefits for current and former Teamster union truck drivers across various states including Texas, Michigan, Wisconsin, Missouri, New York, and Minnesota, and is one of the largest pension funds in the nation, all the way through Kenneth Feinberg’s rejection of the proposal to cut benefits on behalf of the Treasury.

When the proposal was rejected, we said that the final resolution will be in the form of an inevitable taxpayer-funded bailout

If the Treasury won’t allow any pension cuts, and the government created safety net won’t be there to keep the benefits flowing, how will the cash continue to flow to members? With the precedent now set by the Treasury that no cuts will be allowed, the answer will likely come in the form of a massive bailout.

As it turns out, that is precisely what fund director Thomas Nyhan believes as well. Nyhan said the rejection means the CSPF likely won’t be able to offer another proposed fix without getting funding from Congress, either directly or through the Pension Benefit Guaranty Corp.

However with the PBGC also on its way to insolvency, and unable to shoulder the additional burden in world of zero and negative rates, that leaves us with… drum roll please… the US taxpayers, aka Congress, footing the bill.

 “There are only two solutions. Either the plan receives more money or has to have fewer benefits. I’m hopeful that come probably 2017, we can actually all get to work on something that can provide a solution. If there is no legislation at any time, we’re going to end up going to insolvency.” Nyhan said. 

The full-court press is now on, as now everyone involved is calling on congress to step in. Visitors to CSPF’s website this morning were greeed with a banner directing to a rescue plan website.

Before you could enter the rescue site a pop-up message is shown, simply saying that since congress effectively shut down the proposal, they can now stand up and pass legislation to bail the fund out.

“Central States strongly urges these members to act now to pass legislation that protects the pension benefits of the over 400,000 participants of Central States Pension Fund”

With the Treasury denying the possibility of pension cuts, the ball is now in Congress’ court to initiate a bailout.

When it does, because it will, the flood gates will be open for the rest of the insolvent funds to come knocking with their hands out, and we can formally welcome the arrival of helicopter money – whether Yellen wants it or not – in the United States.

Nobody listened, and now – in this bold new age of pension fund crushing zero and negative interest rates – it is game over.

This article was written by Tyler Durden and originally published at Zero Hedge.