Will Team Biden Weaponize Workers’ Pensions?
Big Labor abuse of worker pension and benefit funds as a means of advancing union bosses’ self-aggrandizing policy objectives is a familiar phenomenon.
Wall Street bonuses were way down in 2012, and now the Big Apple faces a bill of $33 billion just to repair housing and infrastructure damage caused by Hurricane Sandy. But top bosses of the Manhattan-based United Federation of Teachers (UFT/AFT/AFL-CIO) union continued over the past year to live the good life at the expense of forced dues-paying teachers and other K-12 school employees, as the New York Post reports:
More than 90 staffers earned six-figure salaries between July 2011 and June 2012, the records show — including President Michael Mulgrew, who took home $275,000.
The union, which bumped its income from membership dues by $3 million in 2012 — to $129 million — spent nearly $1 million just on training for union staffers at the Rye Town Hilton in Westchester.
The union also spent more than $1 million for one company, Lackmann Culinary Services, to cater food for its various meetings and events. That feasting didn’t even include the pasta payout of nearly $18,000 to Ravioli FAIR Caterers in Brooklyn.
An additional $1 million was spent at splashy conferences and events at the New York Hilton, the Helmsley Hotel and The Waldorf Astoria, according to labor filings submitted to the federal government.
Big Labor abuse of worker pension and benefit funds as a means of advancing union bosses’ self-aggrandizing policy objectives is a familiar phenomenon.
What impact does handing a union monopoly power to deal with your employer on matters concerning your pay, benefits, and work rules have on your pay?
Federal Labor Board has now certified majority decertification vote to end AFT union officials’ “representation” at KIPP Charter High School