Windfall For Derelict Union Pension Fund Chiefs
“The $86 billion giveaway to MEPPs inserted in the Biden Administration’s so-called ‘American Rescue Plan’ [ARP] has set the stage for even bigger bailouts in the future.”
“The $86 billion giveaway to MEPPs inserted in the Biden Administration’s so-called ‘American Rescue Plan’ [ARP] has set the stage for even bigger bailouts in the future.”
On average, unfunded pension liabilities per capita are 43% lower in Right to Work states than in forced-unionism states.
According to the Illinois Commission on Government Forecasting and Accountability, the state TRS is only 38.6% funded.
The amount of money contributed to the Big Labor-dominated retirement funds commonly referred to as multi-employer pension plans, or MEPPs, is directly determined through union monopoly bargaining.
Unfortunately, employees who labor in non-Right to Work states like New Hampshire can be fired and/or denied future job opportunities simply because they refuse to continue putting money in the pockets of union bosses like Doug McCarron and Frank Spencer.
Big Labor Monopoly Privileges Linked to Retirement Insecurity Early last December, front-line employees of the Kroger grocery chain were finally allowed to escape from a grossly underfunded pension scheme known as the “National Plan.” The National Plan is effectively controlled…
When Ohio iron worker Walter Overstreet was working, no one told him his union retirement fund was in trouble. But in 2017, after he had retired, Mr. Overstreet and his wife endured a drastic cut in their benefits. Credit: Originally…
Organized Labor-Controlled Funds Have Been Appallingly Mismanaged Roughly a year after being sworn in as America’s 45th President, Donald Trump is coming under increasing pressure to defuse a number of policy “time bombs” planted by his predecessor during…
Go here to read the November/December 2017 National Right to Work Newsletter.