AFL-CIO Pushes IRA Tax
Millions of American buy stocks and mutual funds in their IRA’s but if the bosses at the AFL-CIO have their way, less money will go toward your retirement and more will be diverted to the government. That’s because big labor…
STRIKE?
After helping bankrupt the state of California, SEIU is preparing its members to strike over the state’s effort to balance its books. Incredibly, their contract with the state specifically prohibits such action but union bosses claim the contract…
Union Pension Problems
The Wall Street Journal reports that union pension plans are underfunded while plans for the bosses and management of the unions itself are in better financial position: We’ve all read about underfunded corporate pensions, but here’s an unreported story: Union…
Vegas Union Spokesman Speaks “out of turn”
CORRECTION Our blog noting ABC’s Ben Brubeck’s blog on a Vegas union’s pension seems to have come from false statements by the union’s spokesman. According to the update and correction: Laborers chief Tommy White wants to make one thing…
Forced Subsidization of Union Pensions
The Examiner has reported that big labor’s pension plans are underfunded understands that the Forced Unionism Card Check Bill is an effort to force subsidization of these failing plans: Private firms could be required to save underfunded union pension plans even…
Pension: yours or mine?
While big labor’s pension plans for workers are completely underfunded, the union boss pension plans are a different story: Pension plans for union officers remain healthy and well-funded even as rising liabilities threaten to consume the savings of their rank and…
More on Union Pension Scandal
The Sacramento Bee investigative team finds that big labor contributors got deals from the California Retirement Fund while a union boss sat on the board of directors. This all begs the question: why else would companies make hundreds of thousands of contributions…
Union Boss Under Federal Scrutiny
Sean Harrigan, a union boss with the United Food and Commercial Workers, is under scrutiny by the Securities and Exchange Commission, ProPublica reports. In a nutshell, it appears that financial firms showered nearly $1 million in political cash on the United Food…
Underfunded Union Pensions
After bashing everyone else for decades regarding pension funding, the Washington Examiner has discovered: Almost half of the nation’s 20 largest unions have pension funds that federal law classifies as “endangered” or in “critical” condition due to being underfunded, an Examiner review of…