When Walter Overstreet was working, union trustees who had access to his pension fund’s books never indicated to him he should have any reason to doubt he could safely retire. Now he and his wife face a huge cut in…
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,…
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…
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…
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 with the…