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Pension Funds Archives

October 7

Pomeroy Wants You to Clean up Big Labor’s Pension Mess

Representing a state with a popular Right to Work law that protects a workers’ right to choose whether to join or support a  labor union sometimes makes it tough to pay back your pro forced unionism political backers but in…

September 4

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…

August 3

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…

August 1

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…

July 31

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…

June 22

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…

June 19

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…

June 16

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…

June 16

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…

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