Monday, September 07, 2009

Union bigs get the best deals: A sour Labor Day lesson on pensions

Union bigs get the best deals: A sour Labor Day lesson on pensions
"unions are once again seeking to recruit new members with promises of higher wages and generous pension benefits.
These promises are made despite pension funds' reports to the U.S. Labor Department showing that collectively bargained pension funds are underfunded when compared with other pensions.

In contrast, pension funds for unions' own staff and officers have been doing just fine."

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