Will The Employee Free Choice Act Force Workers Into Failing Pensions?

Monday, June 22nd, 2009 by Admin

One of the stated goals of the unfortunately misnamed Employee Free Choice Act is to improve the wages and retirement security of working Americans by “helping” more of them to get into unions without having the chance to vote in a private ballot election.

The Alliance for Worker Freedom today has warned that the “next taxpayer bailout” is “aimed at failing union pension funds” and more specifically:

  • Average union pension has resources to cover only 62% of what is owned to participants
  • Less than one in every 160 workers is covered by a union pension with the required assets
  • In a Pension Benefit Guarantee Corporation Rescue, pensioners only get $12k/year

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One Response to “Will The Employee Free Choice Act Force Workers Into Failing Pensions?”

  1. June 24th, 2009 at 8:06 am

    gm says:

    i think we should rename this bill the “chinese economic stimulus package.”