Posts Tagged ‘Pensions’

Plight of Pensions Linked To Push For Employee Free Choice Act

The Manhattan Institute’s Diana Furchtgott-Roth’s has an important piece over at RealClearMarkets.com about one of the major drivers behind organized labor’s push for the Employee Free Choice Act. She explains:

Union pension funds can only survive through new contributions. That

Pension Plans, Shortages, and the Employee Free Choice Act

Megan McArdle has an interesting, and troubling, blog post on the massive under-funding of public-employee pensions. But as she declares “Politicians had gotten into the habit of promising generous pensions as a “cheap” giveaway to powerful unions,” it ought to be remembered that there is a massive problem with private funds that are in the same situation. Organized labor needs to get new members to pay for its failing funds, and the Employee Free Choice Act is one way to get those members in the door — and in the troubled pensions

Union Member: Employee Free Choice Act Would Endanger Jobs (and Pensions)

From Sunday’s Public Opinion in Chambersburg, Pennsylvania:

In response to the Employee Free Choice Act — it can’t be passed. If it does, I can guarantee you there will be millions of people out of work.

I was in a union for 23 years and in that amount of time, it bankrupted four big trucking companies and put at least 5,000 people out of work.

Also, when I went to withdraw my union pension, they didn’t credit me nine-and-a-half years of my 23 years of service, because I lost my withdraw card. Plus, I know some other employees who didn’t get credit for two years up to five years.

With regard to what was published in the paper concerning Jim Martin, I worked there for approximately eight years. I really enjoyed working and he gave us better health benefits, profit sharing, retiring, and actually I made more money there and wasn’t on call 24/7 like I was with those corrupted unions.

So please call your senator and tell him to vote against this bill.

Robert D. Peterson Sr.

Chambersburg