Skip to comments.Unions take on Social Security reforms
Posted on 05/13/2005 11:25:36 AM PDT by JZelle
Unions are losing members and clout at the bargaining table, but that doesn't mean they aren't still powerful players on the political scene. Now, Big Labor is trying to stop Social Security reform, even if it hurts union members. Unions are supposed to represent their members' interests by negotiating higher pay and better benefits, including pensions. In fact, union pension funds are the single biggest source of investment in the stock market, amounting to an estimated $6 trillion in 2003. Now, the AFL-CIO and individual unions are threatening some investment firms and corporations with pulling out their pension fund investments unless the companies withdraw their support for President Bush's plans to overhaul the ailing Social Security program.
(Excerpt) Read more at washingtontimes.com ...
Most union members are government workers who don't contribute to SS.
Union members, like many other Americans, don't trust George W. Bush's decision-making ability anymore.
"Now, Big Labor is trying to stop Social Security reform, even if it hurts union members."
What more proof does their membership need to clarify that the Union is no longer acting in the best interest of the membership? Right to work laws are necessary right now!
Have a nice day!
And unions are also the crooks who always end up stealing from them. If they (members) would have had control of their own money, it wouldn't happen.
40% of their pension fund is invested in the stock market.
This is uncalled for!
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