Foodservice Workers at Two High Schools Win Campaign to Remove SEIU Union Bosses
After vast majority of cafeteria workers requested vote to ‘decertify’ SEIU union, union bosses disclaimed interest rather than face a vote
SEIU Pension Fund Under Funded
Writing for the New York Sun, Diana Furchtgott-Roth has discovered that the Service Employees International Union (SEIU) dramatically under funded the pension fund for its rank-and-file members.
. . . [T]he SEIU National Industry Pension Plan, a plan for the rank-and-file members, covering 100,787 workers, was 75% funded. That is, it had three-fourths of the money it needed to pay benefit obligations of workers and retirees.
In contrast, a separate fund for the union’s own employees, numbering 1,305, participants was 91% funded. Even better, the pension fund for SEIU officers and employees, which had 6,595 members, was 103% funded.
In other words, the pensions of the union bosses are secure while rank-and-file members’ pensions are at risk.
