Pensions Archives

'They Always Said, You Never Have to Worry About It, It's Invested, Well, It's Not'

Over the past few weeks, thousands of retirees who long forked over forced union dues and fees to the Teamster Union as a condition of employment have received letters from the Teamster boss-controlled Central States Pension Plan informing them that,…

March 4

Teacher Union Control of Sacramento Politicians is increasing Taxpayers' Debt by $22-Million per day

The power of the California teachers union is costing taxpayers $22 million a day in debt. Debt has grown an impressive $25 billion since Governor Jerry…

February 14

If Things Don't Change, Within Six Years Chicago Will Have More Retired Cops Than Active Ones -- And Big Labor State Legislators Deserve Most of the Blame

Steve Malanga of the Manhattan Institute reported yesterday on a new study of state government pension funds in Illinois and Cook County released by the Illinois Commission on Government Forecasting and Accounting. (See the link below for Malanga’s informative summary.) The…

March 29

Boss Stern and the SEIU Want Your 401K

MoneyNews.com looks at the SEIU’s campaign to “centralize” all retirement plans, including your own 401K, under a new “retirement system”: The SEIU, which was integral to the election of Barack Obama as president, is working…