the SEUI is effectively advocating stealing your 401k - to cover for their outrageously rosy “estimates” on portfolio returns (which in fact have been negative over the last ten years.)
Nevertheless, they will take what they can get. Union pension funds have been the source of union boss, raiding since time began, and how the unions remain virtually unscathed and unaffected by this grand theft, is beyond me.
Intimidation, arm twisting, beatings, murder, are the only things that make any sense.
I think what bothers me the most is that they spent 100s’ of millions, if not billions buying their way into Washington. Now they are threatening incumbents they will pull their support for candidates that do not follow in lockstep. Where exactly are they getting this money...Maybe they pillaged the retirement accounts of their own. Perhaps they should have used all that money they are throwing around to shore up their retirement accounts? If I were a union member, I would be VERY upset.
This is the business model of unions.
Unions are a pension managment scam. It is enron for pensions.